CHAPTER II. - Interpretation

Section 1. - General provisions

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Article 5

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In this Convention:

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(a) "Bill" means an international bill of exchange governed by this Convention;

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(b) "Note" means an international promissory note governed by this Convention;

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(c) "Instrument" means a bill or a note;

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(d) "Drawee" means a person on whom a bill is drawn and who has not accepted it;

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(e) "Payee" means a person in whose favour the drawer directs payment to be made or to whom the maker promises to pay;

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(f) "Holder" means a person in possession of an instrument in accordance with article 15;

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(g) "Protected holder" means a holder who meets the requirements of article`29;

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(h) "Guarantor" means any person who undertakes an obligation of guarantee under article 46, whether governed by paragraph`4`(b) ("guaranteed") or paragraph`4`(c) ("aval") of article`47;

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(i) "Party" means a person who has signed an instrument as drawer, maker, acceptor, endorser or guarantor;

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(j) "Maturity" means the time of payment referred to in paragraphs 4, 5, 6`and 7 of article 9;

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(k) "Signature" means a handwritten signature, its facsimile or an equivalent authentication effected by any other means; "forged signature" includes a signature by the wrongful use of such means;

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(l) "Money" or "currency" includes a monetary unit of account which is established by an intergovernmental institution or by agreement between two or more States, provided that this Convention shall apply without prejudice to the rules of the intergovernmental institution or to the stipulations of the agreement.

UNCITRAL Convention on International Bills of Exchange and International Promissory Notes, 1988

CHAPTER I. - Sphere Of Application And Form Of The Instrument

CHAPTER II. - Interpretation

Section 1. - General provisions

Section 2. - Interpretation of formal requirements

Section 3. - Completion of an incomplete instrument

CHAPTER III. - Transfer

CHAPTER IV. - Rights And Liabilities

Section 1. - The rights of a holder and of a protected holder

Section `2. - Liabilities of the parties

A. - General provisions

B. - The drawer

C. - The maker

D. - The drawee and the acceptor

E. - The endorser

F. - The transferor by endorsement or by mere delivery

G. - The guarantor

CHAPTER `V. - Presentment, Dishonour By Non-Acceptance Or Non-Payment, And Recourse

Section `1. - Presentment for acceptance and dishonour by non-acceptance

Section `2. - Presentment for payment and dishonour by non-payment

Section `3. - Recourse

A. - Protest

B. - Notice of dishonour

Section 4. - Amount payable

CHAPTER VI. - Discharge

Section 1. - Discharge by payment

Section 2. - Discharge of other parties

CHAPTER VII. - Lost Instruments

CHAPTER VIII. - Limitation (Prescription)

CHAPTER IX. - Final Provisions

[Post Provisions]

Annex - Explanatory Note by the UNCITRAL Secretariat on the United Nations Convention on International Bills of Exchange and International Promissory Notes *[NOTE]

B. - Salient Features Of The Convention

Notes

Endnotes

Metadata

Manifest

CHAPTER II. - Interpretation

Section 1. - General provisions

Article 5