What Is a Partial Payment?

When the payer requests payment, the payer only assumes payment responsibilities for part of the amount recorded in the bill of exchange, and pays that part of the amount to the holder. When our bill law does not recognize the effect of partial payment, and cannot pay in full, That is to say that the payment has been refused, and the bearer has pursued this.

Partial payment

Right!

When the payer requests payment, the payer only assumes payment responsibilities for part of the amount recorded in the bill of exchange, and pays that part of the amount to the holder. When our bill law does not recognize the effect of partial payment, and cannot pay in full, That is to say that the payment has been refused, and the bearer has pursued this.