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Bill of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
MCQ
.........is the date on which a bill falls due for payment.
  • A
    Settlement date
  • ✓
    Maturity date
  • C
    Payment date
  • D
    Due date
✓

Answer

Correct option: B.
Maturity date
Maturity date is the date on which a bill falls due for payment.

The maturity date refers to the moment in time when the principal of a fixed income instrument must be repaid to an investor.

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