Avalisation: Difference between revisions
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imported>Maw@allmanward.com (Created page with "The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee (the importer) default on payment of the bill at maturity. ") |
imported>Doug Williamson (Classify page.) |
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The specific endorsement on a bill of exchange or draft by a bank, which guarantees payment should the drawee | 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== | |||
* [[Aval]] | |||
* [[Bill of exchange]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 13:02, 27 June 2022
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.
