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Question
Give word/term or phrase for the following statement.
Officer appointed by the Central Government for noting of dishonor of a bill
One Word/Term Answer
Solution
Officer appointed by the Central Government for noting of dishonor of a bill. - Notary Public.
Explanation: Notary Public is an officer appointed by the Central or State Government and has the power of noting Negotiable Instruments at the time of their dishonour.
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Basic Term of Bills of Exchange - Noting Charges
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RELATED QUESTIONS
Answer the following question in one sentence only.
What are Noting Charges?
Noting charges are payable to the Notary public, in case of honour of a bill.
Give word / term or phrase for the following statement.
Fees charged by the Notary public on dishonour of a bill.
Write True or False
Noting charges are payable to the Notary public on honour of a bill.
