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Trading Terms

Noting

A vital document in the world of finance is the Notary Public's note on a dishonoured bill of exchange. The Bills of Exchange Act stipulates that this note must be made within 24 hours of the dishonour. This essential document includes the Notary Public's initials, their fees, and the date. For bills of exchange drawn and payable outside Australasia, this note serves as a preliminary step before a formal protest. In the event that a Notary Public is not accessible, the bank has the authority to make note or protest a bill of exchange.
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