Bills of Exchange -6 Retiring of Bills under Rebate Solved Problem for CBSE ICSE ISC B.Com CA CS CMA

When the acceptor/Drawee fails to make the payment to the holder of bill on due date/maturity date the bill is said to be dishonored. On dishonor of the bill the holder gets such fact noted on the bill by a notary public to prove the fact of dishonor by the acceptor. Charges paid for the notary of the bill are called as noting charges. These charges paid by the holder of the bill and collected from the Acceptor/Drawee of the bill‪@mentorthetrustedguide8788‬ #billsofexchange #bcom #bills #osmaniauniversity