The Cheque has been used to pay for jobs or products for more than two centuries. However, with the passage of time and the emergence of new technologies, the cheque has lost prominence but is still a form of payment used in many transactions and invoices. Today I will discuss about the What is Cheque, Types […]
How a Bill of Exchange Work?
How a Bill Of Exchange operate first we have to read the following points: A person who wants to purchase goods but he has no money, may agree to accept the bill of exchange drawn upon him at some future date for the value of the goods he wants to purchase. For example, Mr.B(a retail […]
4 Different Types of Commercial Lease
There are four basic types of commercial lease. When you open a business and you plan to occupy a place, you are usually required to sign a commercial lease and pay either a lease or a lease. What is the difference between these two notions? What is a standard commercial lease? A precarious lease? What […]
Letter of Credit How does it works
Letter of Credit The “letter of credit” is issued by a bank inviting one of its branches or another bank to remit on one or more occasions and under certain conditions a sum of money to a person named or at his or her order, for a specified amount of which he guarantees payment. It […]
Financial Market: How the capital market works
Financial Market: How the capital market works The financial market is an umbrella term that includes all markets where capital is traded. In contrast to commodity markets, only money is exchanged here. In this respect, the term capital market is misleading; finally, capital is also traded in other areas. The term “credit market” appears more appropriate. […]