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A bill in which the drawer or the payee or both are non existent. In such case the drawee or the acceptor is liable to pay the due amount to the holder in due course. The onus to prove that the drawer is fake lies on the endorsee. He can prove it by proving that the signature of drawer and first endorser are the same.

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Q: Meaning of fictitious bill
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Related questions

What is fictitious bill?

Pecos Bill


What is the meaning of fictitious asset?

fictitious asset for exampal like this (miscellanous expenditure)


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pseudonym For a writer .Nome de Plume For a criminal, alias


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The correct spelling is fictitious.


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Power Rangers are fictitious, meaning they are not real. I'm sorry, there are no schools to become a Power Ranger.


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an imaginary of fictitious person or thing. From the Greek word Mythos, meaning a story of unknown origin


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A fictitious asset is one that doesn't have a resale value. A prepayment, such as a gift card balance, is a fictitious asset.