Negotiation

Negotiations between a creditor (a bank) and a debtor on the individual steps to be taken to pay off an accrued debt (the process to reach an agreement with a creditor to pay off a percentage of a balance due). – In older documents, the sale of a debt that has not yet matured or the passing on of a bill of exchange that has not yet expired. – See acceptance, drawer, drawee, discount, discounting, first-class bill, money surrogate, giro, conservation, letter of credit, London short, market bill, distress address, pension bill, rollover, protest list, rediscounting, riding bill, ricambio, sight bill, stock bill, bill credit.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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