Complete the sentence

1) Making payment of bill before the due date of maturity is known as ………………………
Ans:-Making payment of bill before the due date of maturity is known as Retirement of Bill.

2) Person whose liabilities are more than his assets and is not in position to pay off his liabilities is………………..
Ans:- Person whose liabilities are more than his assets and is not in position to pay off his liabilities is Insolvent person.

3) Amount that cannot be paid by acceptor on account of insolvency is known as………………
Ans:- Amount that cannot be paid by acceptor on account of insolvency is known as deficiency. 

4) A bill of exchange payable after certain period is known as ……………
Ans:-A bill of exchange payable after certain period is known as after date bill

5) A bill which is drawn and accepted with valuable consideration is known as ……….
Ans:-A bill which is drawn and accepted with valuable consideration is known as Trade Bil

6) A person who draws the bill of exchange is known as ………..
Ans:-A person who draws the bill of exchange is known as Drawer

7) A bill whose due date is calculated from the date of acceptance is known an …………..
Ans:-A bill whose due date is calculated from the date of acceptance is known an After sight bill.

8) Recording the fact of dishonour of Bill is known as …………
Ans:-Recording the fact of dishonour of Bill is known as Noting.

9) When Drawee accepts the bill payable at a particular place only, it is known as ……………..
Ans:- When Drawee accepts the bill payable at a particular place only, it is known as qualified acceptance as to place

10) Fees charged by the bank for collection of bill on behalf of holder is ………………
Ans:-Fees charged by the bank for collection of bill on behalf of holder is Bank charges.