Regular used words in banking world Promissory Note Promissory Note is an instrument in writing (not being a banknote or a currency note), containing an unconditional undertaking, signed by the maker, to pay on demand or at a fixed or determinable future time a certain sum of money only to, […]
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Short note: Foreign exchange related terms
Short note: Foreign exchange related terms Short note: Foreign exchange related terms Quasi Negotiable Instruments are those Instruments that can be transferred by endorsement and delivery but the transferee does not get a better title that of the transferor. Therefore they cannot be classified as negotiable Instruments and hence the Negotiable Instruments act is not applicable to […]
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What is Bill of Exchange A bill of exchange is an order made by the shipper or an exporter who is called a drawer of bill to the buyer or importer who is called a drawee of the bill, asking him to make the payment of the amount specified in […]
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