what is biil after sight

This query is : Resolved 

24 July 2010 what is bill after sight?
how it is different from other bills

24 July 2010 On the basis of the due date there are two types of bill of exchange:

* Bill of Exchange after Date: In this case the due date is counted from the date of drawing and is also called bill after date.
* Bill of Exchange after Sight: In this case the due date is counted from the date of acceptance of the bill and is also called bill of exchange after sight.

24 July 2010 DEAR,
TERM INCLUDED ON A BILL OF EXCHANGE TO INDICATE THAT IT BECOMES PAYABLE A SPECIFIED NUMBER OF DAYS AFTER PRESENTMENT TO THE DRAWEE.

REGARDS

24 July 2010 thnx


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