Acceptances, Trade and Bankers'D. Appleton, 1921 - 372 pages |
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Common terms and phrases
60 days accept drafts ACCEPTANCE FORM adopted advantage American amount ance bank's bankers benefits bill of exchange bill of lading borrower Bulletin Business Bourse cash discount cash terms cent ceptance Chapter charge collection commercial paper coöperation cover customer's customers desirable dollars domestic drafts drawn drawer due date eligible for rediscount exchange drawn export Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve System Figure finance firm funds give indorsed inducement instrument interest invoice jobber letter liability liquid loan manufacturer maturity member bank ment merchandise merchant methods month National Bank necessary negotiable Negotiable Instruments obligation open account paid payable payment practical procedure purchase record returned revenue stamps ruling salesmen section 13 secured sell shipment shipping documents signed sold Standard Form statement tion trade ac trade-acceptance terms Trust Company United usually warehouse receipts wholesaler York
Popular passages
Page 213 - Any Federal reserve bank may discount acceptances which are based on the importation or exportation of goods and which have a maturity at time of discount of not more than three months, and indorsed by at least one member bank.
Page 217 - An acceptance to pay at a particular place is a general acceptance unless it expressly states that the bill is to be paid there only and not elsewhere.
Page 241 - ... no bank shall accept such bills to an amount equal at any time in the aggregate to more than one-half of its paid-up and unimpaired capital stock and surplus...
Page 138 - The bill itself should be drawn so as to evidence the character of the underlying transaction, but if it is not so drawn evidence of eligibility may consist of a stamp or certificate affixed by the acceptor in form satisfactory to the Federal Reserve Bank.
Page 140 - States as may be incidental to or for the purpose of carrying out transactions in foreign countries or dependencies or insular possessions of the United States...
Page 113 - Where the instrument is made payable at a bank it is equivalent to an order to the bank to pay the same for the account of the principal debtor thereon.
Page 240 - An unqualified order or promise to pay is unconditional within the meaning of this act, though coupled with — 1. An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or 2. A statement of the transaction which gives rise to the instrument.
Page 239 - The obligation of the acceptor hereof arises out of the purchase of goods from the drawer.
Page 253 - Board, but in no case to exceed 10 cents per $100 or fraction thereof, based on the total of checks and drafts presented at any one time, for collection or payment of checks and drafts and remission therefor by exchange or otherwise...
Page 204 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.