| 单词 | discharge of an instrument |
| 释义 | discharge of an instrument discharge of an instrument in the law of NEGOTIABLE INSTRUMENTS a BILL OF EXCHANGE is discharged when all rights of action thereon are extinguished. It then ceases to be negotiable, and if it subsequently comes into the hands of a HOLDER IN DUE COURSE he acquires no right of action on the instrument. A bill is discharged by payment in due course. |
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