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Question
Retirement of bill means payment of the bill before due date.
Solution
True
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Important Terms of Bills of Exchange - Due Date
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RELATED QUESTIONS
A bill is drawn on 23rd Sept., 2013 at 4 months would be payable on .................................
A. 24th Jan. 2014
B. 25th Jan. 2014
C. 26th Jan. 2014
D. 25th Jan. 2013
Payment of the bill before due date.
What is 'due date of a bill'?
_____________ means payment of the bill before due date.
(a) Discounting of bill
(b) Retirement of bill
(c) Renewal of bill
(d) Endorsement of bill
(b) Retirement of bill
(c) Renewal of bill
(d) Endorsement of bill
A bill is drawn on 23rd October, 2016 payable after 3 months, the due date of the bill will be .................
When the amount of a bill is paid on its due date, it is said to be retired ?
Payment before the due date of bill.
Answer the following question in one sentence only.
What is due date of bill?
