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Types of Credit Instruments Explained by Dplis Usjr is a document available to read on EtoBox.
This document discusses various types of credit instruments used in financial transactions, including promissory notes, bills of exchange, hundis, cheques, and bank drafts. It provides definitions and examples of each type. The main types discussed are promissory notes as written acknowledgments of debt, bills of exchange used in domestic and international trade to transfer funds, hundis as a type of bill of exchange commonly used in India, cheques as written orders to banks, and bank drafts used to send mo
- Author
- Dplis Usjr
- Language
- EN