A bill is dishonoured when the debtor of the bill fails to pay the bill at maturity.

Name: A bill is dishonoured when the debtor of the bill fails to pay the bill at maturity.
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A bill is considered dishonoured when the debtor of the bill fails to make payment at the maturity date. This means that the bill has not been paid on the due date specified in the bill, which can result in penalties or legal action.

A Bill Is Dishonoured When the Debtor of the Bill