F.W.Taylor

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Frederick Winslow Taylor also known as F.W.Taylor. frederick Winslow Taylor was an american mechanical engineer. f.w.taylor was born on march 20,1856 .He was the one of the first financial consultants.he is alsoKnown for"Father"of the Scientific management & Efficiency Movement, Father of Industrial Engineering.Taylor was the son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872. In 1911, Taylor summed up his efficiency techniques in his book ' The Principles of Scientific Management'. Taylor was also an athlete who competed nationally in tennis. His occupation was Efficiency expert Management consultant. He got the Awards of Elliott Cresson Medal (1902).
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commercial bill market meaning

 Commercial bill market

Meaning

Commercial bill market is the market which deals with trade bills and commercial bills. A commercial bill is one which arises out of genuine trade(credit) transaction.bill of exchange is a self liquidating negotiable instrument drawn for the period of 3 months to 6 months.

Definition


Section 5 of the negotiable instrument act ,1881 defines bill of exchange as "an instrument in writing containing an unconditional order signed by the maker,directing a certain person or to the bearer of the instrument".

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