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Question
Give word / term or phrase for the following statement.
Transfer of title of the bill from debtor to creditor.
One Word/Term Answer
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Solution
Endorsement
Explanation: Endorsement means when a bill of exchange is signed for the purpose of transferring it to another person. The debtor signs the bill and transfers it to his/her creditor. On endorsement, the endorsee becomes entitled to receive the payment.
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