A piacere (economy)
A piacere ( Italian for "at will") is the name of a bill of exchange that should be payable at any time.
According to Art. 33 Change Act , a change can be drawn on sight (change of view), for a certain time after sight (change of view), for a certain time after issuance (change of date) or on a specific day (change of day). Bills of exchange with other or with several consecutive expiry periods are void. The drawn bill of exchange must contain the expiry period ( Art. 1 No. 4 WG).
With piacere A marked change are called sight drafts regarded as the indication of a certain age limit is missing.
Web links
Wiktionary: piacere - explanations of meanings, word origins, synonyms, translations
Individual evidence
- ↑ change . bpb , 2015
- ↑ Reinhold Hölscher: Change of view . In: Gabler Wirtschaftslexiko ; accessed on December 12, 2017
