tenor definition

tenor

Exact purpose and intent of a bill of exchange as judged from the words and figures used in its construction.

Length of time, stated in the bill, that must elapse before a bill of exchange become due for payment.

Designation of the payment terms of a bill of exchange, such as 'Due when presented' (a sight draft) or 'Due on date ...' (a time draft). Not to be confused with tenure.

tenor is in the Accounting & Auditing, Banking, Commerce & Finance and International Trade & Relations subjects.

tenor appears in the definitions of the following terms: usance, accepted draft, full set bills of lading and tenure

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