Avalisation

From ACT Wiki

Revision as of 09:39, 30 October 2013 by imported>Doug Williamson (Links added and spacing - 30/10/13)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Jump to navigation Jump to search

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.

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Avalisation&oldid=3501’

Navigation menu