Complete the sentences:i. Making payment of bill before the due date o

1.	Complete the sentences:i. Making payment of bill before the due date of maturity is known as __________ii. A person whose liabilities are more than his assets and is not in a position to pay off his liabilities is ________iii. Amount that cannot be paid by acceptor on account of insolvency is known as __________iv. A bill of exchange payable after certain period is known as _____________v. A bill which is drawn and accepted with valuable consideration is known as ______________
Answer» i. Retirement of Bill ii. Insolvent person iii. Deficiency iv. After date bill v. Trade Bill

Complete the sentences:i. Making payment of bill before the due date of maturity is known as __ii. A person whose liabilities are more than his assets and is not in a position to pay off his liabilities is iii. Amount that cannot be paid by acceptor on account of insolvency is known as iv. A bill of exchange payable after certain period is known as _v. A bill which is drawn and accepted with valuable consideration is known as ________

Answer»

i. Retirement of Bill

ii. Insolvent person

iii. Deficiency

iv. After date bill

v. Trade Bill