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Complete the sentences:

i. Making payment of bill before the due date of maturity is known as __________

ii. A person whose liabilities are more than his assets and is not in a position to pay off his liabilities is ________

iii. Amount that cannot be paid by acceptor on account of insolvency is known as __________

iv. A bill of exchange payable after certain period is known as _____________

v. A bill which is drawn and accepted with valuable consideration is known as ______________

1 Answer

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i. Retirement of Bill

ii. Insolvent person

iii. Deficiency

iv. After date bill

v. Trade Bill

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