Bank Draft
A payment instrument issued by a bank guaranteeing payment to a specified party. It is commonly used for secure transactions where the payer’s account is debited immediately, ensuring the receiver’s certainty of funds.
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Book Closure
A temporary suspension period during which a company’s share transfer books are closed. It determines eligible shareholders for dividends, rights…
Bank Guarantee
Bank guarantee is a promise issued by a bank ensuring that a debtor’s obligations will be met if they default.…
Bond Payable
A long-term debt instrument representing money borrowed by a company from investors. The firm agrees to pay periodic interest and…
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