Banking

Both “overdraft” and “cash credit” can refer to a type of secured line of credit with a lender. These terms can also refer to financial…

A credit card is a small plastic card issued by a bank, building a society, etc., allowing the holder to purchase goods or services on…

A credit card is a small plastic card issued by a bank, building a society, etc., allowing the holder to purchase goods or services on…

Importance of Liquidity and Profitability in commercial banking Liquidity ensures short-term survival. Profitability ensures long-term survival. Both are essential for any company to survive. In…

Features of Negotiable Instruments Negotiable Instruments are written contracts whose benefit could be passed on from its original holder to a new holder. It is…

A bill of exchange is an order to pay. A promissory note is a promise to pay. The fundamental difference between Bill of Exchange and…

Features of a Banker’s Right of General Lien The banker possesses the right of general lien on all the goods and securities entrusted to his…

Different Modes of Creating Charges Charge means right of payment out of a certain property. In a charge, there is no transfer of interest or…

The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…

The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…