Search results for keyword: usance
acceptance market
Acceptance market
Acceptance market is one type of capital market, which refers to the market where issuing companies or investment management agencies issue and circulate bills of exchange (both sight bills and usance bills). The bills of exchange involved in the acceptance market are used as a ......
11/07/2023 
1042 
Emma
L/C at sight
Irrevocable documentary credit is document, in which the applicants bank / issuing bank is committed to pay a certain amount on the agreed conditions. The document is a binding contract with irrevocable conditions, so it can not be changed without the agreement of all parties involved.
An irrevoc......
demand draft
Different Types of Bankers Acceptance
Bankers acceptance (BA) is one of the many types of money instruments that is commonly used in international finance. A BA is a time draft (a form of negotiable instruments) that is accepted and guaranteed by a bank. There are several types of BA in common us......
usance draft
A negotiable instrument which is payable at a fixed or determinable future date and can be transferred from one person to another person is known as a “Promissory Note”. Generally, the date at which Promissory Note becomes payable is called its maturity date. A Promissory Note generally involves......
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