Question

Transfer of title of the bill from debtor to creditor. Answer in a word / phrase / term.

Answer 1

Heya user ✨✨


⏩ Endorsement of Bill.

Answer 2

Answer:

ENDORSEMENT.

Explanation:

A person who holds a Bill of Exchange may transfer the title of the Bill to another person. This act of transferring the title or name on the Bill of Exchange is known as ‘endorsement’. Upon endorsement, the new owner of the Bill will be the person in whose name it has been transferred.