all may be able to understand the meaning of negotiable instruments; identify the various features of negotiable instruments; describe the various types of negotiable instruments; and differentiate between bills of exchange‚ promissory notes‚ and cheques. Law of Negotiable Instruments 1881 1. Introduction: Exchange of goods and services is the basis of every business activity. Goods are bought and sold for cash as well as on credit. All these transactions require flow of cash either immediately
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OA Exams 1 December 2‚ 2009 1. (a) As a clerk in the records management office‚ one of your duties is to order equipment and supplies for your office. (i) State the purpose of EACH of the following pieces of equipment in the records management department: * Filing cabinets * Photocopiers * Computers (3 marks) (ii) List FOUR important types of supplies used in the storage of records. (4 marks) (b) State what action should be taken by the secretary of the relevant department in EACH
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“Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ with the payer named on the document. Examples of negotiable instruments include promissory notes‚ bills of exchange‚ and cheques. PROMISSORY NOTE A promissory note may be a negotiable
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HABIB BANK LIMITED DEPARTMENTS OPERATIONS AND FUNCTIONS OF DEPARTMENT Submitted to: Mam Sidra Shehzadi Submitted by: Sidra Malik (10-arid-1363) Sundas Shahid (10-arid-1365) Hassan Mehmood (10-arid-1317) Muzammil Tufail (10-arid-1328) ACKNOWLEDGEMENT All praises belong
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What is Bank:- A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it
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Table of Contents EVOLUTION OF TRADE AND COMMERCE LEADING TO THE INTRODUCTION OF NEGOTIABLE INSTRUMENTS. The world as a whole has been the “cradle of commerce” because this exchange is not only between individuals but also between peoples and nations. This naturally implies the existence of: CERTAIN SURPLUS OF WEALTH CERTAIN PROVISION FOR COMMUNICATION Both of which are essential for growth of commerce. Unless there is a surplus of wealth and provision for communication
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Banking Introduction What is a bank ? A banker or bank is a financial institution that acts as a payment agent for customers‚ and borrows and lends money. In some countries such as Germany‚ banks are the primary owners of industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. Banks borrow money by accepting funds deposited on current account‚ accepting term deposits and by issuing debt securities such as banknotes
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Service 5 2.2 Standing Committee on Customer Service 5 2.3 Branch Level Customer Service Committees 6 2.4 Nodal department/ official for customer service 7 3. Board approved policies on Customer Service 7 3.1 Comprehensive Deposit Policy 7 3.2 Cheque Collection Policy 7 3.3 Customer Compensation Policy 8 3.4 Customer Grievance Redressal Policy 8 3.5 Giving publicity to the policies 8 4. Financial
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Cashless settlement Nowadays‚ a lot of settlements are being made without using any coins or paper money. With the increasing progress of technology‚ goods and services can be paid with cash cards or over the internet. There are several options the costumer can use to pay for a purchase. Credit cards A credit card is a card issued by a financial company giving the holder the opportunity to borrow money or buy products or services on credit. The credit card provider sets a credit limit after approving
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Internship Report on “General Banking Activities Performed By a Commercial Bank-A Study on of Al-Arafah Islami Bank Limited” AL-ARAFAH ISLAMI BANK LTD. AN Internship Report On General Banking Activities performed By a Commercial Bank: A Study On Al-Arafah Islami Bank ltd. Prepared for Miss.Aysa Yeasmin Lecturer Department of Business Administration Sylhet International University. Prepared By Md.Shuhel Ahmed ID NO:-BA1238
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