Drawer example sentences

That is why the drawee is invariably debited in the drawer's books.Sometimes, the acceptor of the bill foresees that it may be difficult to meet the obligation of the bill on maturity and may, therefore, approach the drawer with the request for extension of time for payment.I struck it sharply with the side of my fist and the drawer flew open to reveal a shallow space underneath, a secret drawer.But in the case of usance draft, the drawer instructs the bank to hand over the relevant documents to the importer against acceptance of the bill of exchange.Hence, the drawee is called the 'accommodating party' and the drawer is called the 'accommodation party'.Hence, no entry is recorded in the books of drawer or endorser.There are instances when a bill of exchange is arranged to be retired before the due date by mutual understanding between the drawer and the drawee.It is a type of bill of exchange wherein the drawer of the bill of exchange instructs the bank to hand over the relevant documents to the importer only against acceptance of the bill of exchange.Normally, bills of exchange or promissory notes are drawn to finance the actual transactions in goods, i.e., an acceptance is made to settle a trade debt owing to the drawer by the drawee in case of a bill of exchange and the bill is called a trade bill.But where they share the proceeds of the same bill, the drawer should remit, just before maturity, the balance due to the drawee, so that the latter could duly meet his acceptance.No entry is recorded because the bill becomes the property of the bank, therefore, the bank collects the amount of the bill from the acceptor and no journal entry is recorded in the books of the drawer.It is a type of bill of exchange wherein the drawer of the bill of exchange instructs the bank to hand over the relevant documents to the importer only against payment.Mars Space Control and the Centerville Public Library Captain Omega stands at centre, opening and closing card catalogue drawers in a confused fashion.The journal entries in the books of the drawer and the drawee will be the same as that of dishonour of bill.As for the interest invalued, if it is not paid in cash, the drawer debits the drawee's account and credits the interest account, and the drawee debits the interest and credits the drawer's account in his books.