Bills Of Exchange

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Across
  1. 5. The person to whom the payment is to be made.
  2. 6. He is the seller or creditor entitled to receive money from someone.
  3. 7. He is the purchaser or the debtor on whom the bill is drawn and who is liable to pay the amount mentioned in the bill.
  4. 8. It is a discount allowed by the payee to the drawee when the drawee makes payment of the bill before its due date.
  5. 10. This means encashing the bill before the date of its maturity or borrowing from the bank on the security of the bill.
Down
  1. 1. In India, Bills Of Exchange are known as?
  2. 2. He is the person who writes a promissory note and signs it.
  3. 3. He/She accepts the bill of exchange.
  4. 4. A bill of exchange is called this till its acceptance is made.
  5. 9. This means transfer of the instrument to another person.