In relation to a commercial bill,the acceptance fee is the:
A) discounter's fee for taking on the risks associated with discounting the bill.
B) fee for drawing up the bill.
C) fee for taking the liability for paying the holder at maturity.
D) drawer's fee for taking on the risks associated with drawing the bill.

Question

Quizplus · Accepted Answer

The acceptance fee is the fee paid by the acceptor (usually the drawee) for taking on the liability of paying the holder at maturity. This fee is paid in addition to the face value of the bill.

In Relation to a Commercial Bill,the Acceptance Fee Is The