TERMIUM Plus®

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BENEFICIAIRE INEXISTANT [1 record]

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Alphabetical list of terms

Record 1 1998-11-03

English

Subject field(s)
  • Foreign Trade
DEF

A payee named in a bill of exchange that does not exist, or the person named in the bill was never intended to have value.... A fictitious or non-existent person cannot indorse, and therefore any indorsement must be a forgery. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

French

Domaine(s)
  • Commerce extérieur

Spanish

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