Explain in brief the meaning up to
following terms
1 Date of Maturity 2 Dishonour of a Bull
3 Renewal of a Bill
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Answer:date of maturity
It is a date when the creditor(any person to whom to be paid) is to be paid as per the date of bill
Dishonor of a bill
It is a condition when the bank didn't get money from the account of bill payable holder ....
And the check bounces
Renewal of bill
As if the bill is not received ..but the trust and agreement between the drawer and drawee made them to make a new bill with some conditions which before the drawee was unable to pay out to its creditor
Explanation:
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