Cheque is a written order on a bank instrument for payment of a certain amount of money.
More from this Section
- Clearing Union
A clearing union can be defined as a multilateral payments arrangement that periodically offsets the debits and credits accumulated by each member ...
- Liability management
Liability management is the acquisition of funds at low cost to increase profits.
- Open-End Lease
Open-End Lease is often, referred to as a finance lease. A lease that may involve a balloon payment based on the value of the property when
- Usance Draft
Usance Draft is term draft, a written demand for payment which comes due at a specified future date.
- Regression coefficient
Regression coefficient— term measured by regression analysis to estimate the sensitivity of the dependent variable to a particular independent variable.
- Irrevocable letter of credit
Irrevocable letter of credit refers to a letter of credit issued by a bank that cannot be canceled or amended without the beneficiary’s approval.
- Policy ineffectiveness proposition
Policy ineffectiveness proposition is the conclusion from the new classical model that anticipated policy has no effect on output fluctuations.