Aufsätze Ökonomik

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Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

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Emergency address also auxiliary address and, in older documents, besoin (referee in case of need, emergency address)

On a debt instrument in general and a bill of exchange in particular, the indication of an address which stands in for the obligor in the event of non-payment. – Papers with an emergency address were – and still are today – widely regarded with a certain suspicion. This is because it is reasonable to assume that the debtor indicated is unable or unwilling to pay when due. – See drawer, drawee.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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