Question

What is retiring of a bill?​

Answer 1

Hello..

When the drawee of the bill has funds at his disposal and makes a request to the drawer or holder to accept the payment of the bill before its maturity with some discount. If the holder agrees to do so, this is called the retirement of bill of exchange..

Hope you understood..

I think I helped you..

Answer 2

Answer:

When the drawee of the bill has funds at his disposal and makes a request to the drawer or holder to accept the payment of the bill before it's maturity with some discount. If the holder agrees to do so , this is called the retirement of the bill of exchange .

hope this helps you...

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