Encyclopedia

Holder of a Bill of Exchange


Holder of a bill of exchange - the owner of the bill of exchange who has the right to receive the amount of money specified therein. A holder indicated as the payee in the bill of exchange itself is called the first holder of the bill (remitter)

Source: Letter from the Central Bank of Russia dated 09.09.1991 No. 14-3/30 "On bank operations with bills of exchange"

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