Time permitted for payment of foreign bills of exchange; a process of employing goods to fulfil economic needs

Time

The concept of time is rooted in the ancient Mesopotamians. They divided the day into 10 equal periods, each representing a different number of moons. This system helped them keep track of time and plan their daily routines.The modern concept of time was developed in the 17th century by Dutch mathematician Christiaan Huygens. He introduced the concept of the day-night cycle and the measurement of time using the solar system.The ancient Greeks also made significant contributions to the study of time. They recognized the importance of time as a measurement of the universe, and developed the concept of the "Eternal Now" – a philosophical concept that emphasizes the present moment.

Permitted

The word "permitted" has its roots in the Latin term "permittere", which means "to allow". This Latin term is derived from the word "per", which means "through" and "mittere", which means "to give".The concept of permitted activity is also rooted in ancient Greek philosophy. The idea was that individuals had the right to choose their own path in life, as long as it was not against the law.The modern concept of permitted activity was popularized in the 20th century by the law of "Separation of Church and State". This idea holds that individuals should be free to choose their own faith, as long as it is not against the law.

Payment

The word "payment" has its roots in the Latin term "pago", which means "to pay". This Latin term is derived from the word "patio", which means "to sell" or "to barter".The concept of payment is also related to the medieval system of "compensation". In this system, individuals would pay a certain amount of goods or services to compensate for a debt or injury.The modern concept of payment was popularized in the 19th century by the rise of capitalism. This led to the development of modern financial systems, where individuals and businesses could exchange goods and services for money.

Foreign

The word "foreign" has its roots in the Latin term "exterior", which means "outside" or "beyond". This Latin term is derived from the word "extimus", which means "largest" or "most extensive".The concept of foreign policy is also related to the idea of "exteriority". This concept holds that nations should have a distinct identity and interests that are separate from those of other nations.The modern concept of foreign policy was popularized in the 20th century by the rise of international relations. This led to the development of modern diplomatic practices, where nations engage in dialogue and cooperation with other countries.

Bills

The word "bills" has its roots in the Old English term "bīll", which means "slab of metal". This Old English term is derived from the Proto-Germanic word "*bīlliz", which is also the source of the Modern German word "Bil".The concept of bills is also related to the medieval system of "taxes and tributes". In this system, individuals and businesses would pay a certain amount of goods and services to the government as taxes or tributes.The modern concept of bills was popularized in the 19th century by the rise of capitalism. This led to the development of modern financial systems, where individuals and businesses could exchange goods and services for money.

Exchange

The word "exchange" has its roots in the Old English term "exercisian", which means "to exchange". This Old English term is derived from the Proto-Germanic word "*exercizaz", which is also the source of the Modern German word "Austausch".The concept of exchange is also related to the medieval system of "barter". In this system, individuals would exchange goods and services without using money.The modern concept of exchange was popularized in the 20th century by the rise of capitalism. This led to the development of modern financial systems, where individuals and businesses can exchange goods and services for money.

Process

The word "process" has its roots in the Latin term "procedere", which means "to go before". This Latin term is derived from the Proto-Indo-European word "*per-", which is also the source of the Modern English word "per".The concept of process is also related to the medieval system of "artisanal production". In this system, craftsmen would follow a series of steps to create a product, from raw materials to finished goods.The modern concept of process was popularized in the 19th century by the rise of industrialization. This led to the development of modern manufacturing systems, where products are produced in a series of stages.

Employing

The word "employing" has its roots in the Latin term "appellare", which means "to call". This Latin term