Banking and securities law
Banker's recourse for unpaid discounted bills: focus on reversal
By Charlotte GAUCHON30 April 2025A discounted bill of exchange is returned unpaid on the due date: your bank reverses the entry and debits your account. This action, which is common in banking practice, involves precise legal rules over which the remitting companies have little-known rights. Understanding reversal means knowing how to negotiate from an informed position.
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