Examlex
Which of the following statements is correct?
Acceptor
In the context of banking, the party who agrees to pay a bill of exchange upon its presentation, typically the drawee who becomes liable for payment.
Instrument
A legal document formally documenting a transaction or establishing a legal right or obligation.
Claiming Interest
The act of demanding a payment or compensation for the use of one's money or property, especially in legal or financial transactions.
Making Payments
The act of transferring money or its equivalent to another party as fulfillment of an obligation, such as repaying a loan or settling a bill.
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