Cheque is a written order on a bank instrument for payment of a certain amount of money.
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- Lodgement Instructions
Lodgement Instructions is the written instructions from a customer which constitutes the bank’s authority to act in respect of collection of proceeds on customer’s behalf.
- Perpetual inventory system
It is a system of records maintained by the controlling department which reflects the physical movement of stock and their current balance.
- Tier 1 Capital
Tier 1 Capital refers to core capital consisting of Capital, Statutory Reserves, Revenue and other reserves, Capital Reserves (excluding
- Serial Bonds
Serial Bonds are bonds that mature at specified intervals.
- Securities for Loans
As the enormous funds at the disposal of bankers are utilized chiefly in financing industrial and commercial concerns, it is usual for them to...
- Acquisitions of existing operations
Firms frequently acquire other firms in foreign countries as a means of penetrating foreign markets.
- Discount a Bill
Discount a Bill is to discount a bill means to purchase a Bill of Exchange before it is due for payment for the amount estimated to be