Stocks play a vital role in the modern financial system, allowing individuals and institutions to own a share of a company’s capital and participate in […]
Author: Sunny Shettipalli
10. Land Pledging
Land pledging refers to using immovable property—particularly land—as security for repayment of a debt or performance of a contractual obligation. Although the word “pledge” technically […]
9. Pledge
A pledge is a specific type of bailment where personal property is delivered as security for a debt or performance of a promise. It plays […]
8. Collecting Banker
The Collecting Banker plays an essential role in the banking and negotiable instruments ecosystem. They are responsible for collecting payments on behalf of their customers […]
7. The Paying Banker
The term Paying Banker refers to a bank that pays out the amount of a cheque or negotiable instrument on behalf of its customer. It […]
6. Dividend warrants
Dividend Warrants are a traditional yet important instrument used by companies to distribute profits to shareholders. While modern electronic transfers are replacing them, dividend warrants […]
5. Bankers Drafts
A Banker’s Draft, commonly referred to in India as a Demand Draft (DD), is a secure financial instrument issued by a bank that guarantees payment […]
4. Account Payee
In the world of banking and negotiable instruments, an Account Payee cheque is considered one of the safest ways to transfer money. It restricts payment […]
3. Crossed Cheques
In the realm of negotiable instruments, a crossed cheque is considered a safer and more traceable form of payment than an open (bearer) cheque. It […]
2. Cheques
A cheque is one of the most commonly used negotiable instruments in financial and commercial transactions. It ensures secure, traceable payments and plays a crucial […]