short note on honouring of a bill ?
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An honour of bill means payment of the bill with accordance to the tenor of the bill. Honour of the bill is an acceptance by a bank for payment of a check or credit card transaction, depending on the amount of money or credit available in relation to the amount of payment.
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An honour of bill means payment of the bill with accordance to the tenor of the bill. Bills of exchange are the negotiable instruments containing an order to pay a particular individual a certain amount within a specified period of time.
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