Avalisation

From ACT Wiki
Revision as of 13:02, 27 June 2022 by imported>Doug Williamson (Classify page.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee - for an example an importer - default on payment of the bill at maturity.


See also

Retrieved from ‘https://wiki-dev.treasurers.org/w/index.php?title=Avalisation&oldid=3503’