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acceptance actual advance American amount arrival assume authority balance bank Bank of England banker become bill bill of exchange bill of lading buying called cash charges checks collateral collection commission Company Compare correspondent cost course cover customers demand deposit difference discount documentary documents dollars draft draw drawee drawn effect English exchange exporter fact foreign funds future give given gold holder importer indorsement interest investment issue Italy known less letter of credit liability loan London long bill maturity means ment merchandise merchant method namely negotiable obtain operation ordinary original paid parties payable payment period person pounds practice present purchase quoted reason received reserve risk sell shipment sold sterling term tion trade United usually York
Page 12 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 38 - primarily" liable on an instrument is the person who by the terms of the instrument is absolutely required to pay the same. All other parties are "secondarily
Page 488 - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 34 - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence.
Page 103 - A bill in which it is stated that the goods are consigned or destined to the order of any person named in such bill is a negotiable or order bill.
Page 36 - That he has no knowledge of any fact which would impair the validity of the certificate. In the case of an assignment of a claim secured by a certificate, the liability of the assignor upon such warranty shall not exceed the amount of the claim.
Page 244 - May, 1917, the following interesting announcement was made concerning the establishment of important relations between the Bank of England and the Federal Reserve Bank of New York...
Page 333 - reasonable time" or an "unreasonable time," regard is to be had to the nature of the instrument, the usage of trade or business (if any) with respect to such instruments, and the facts of the particular case.