Balance of Payment (BOP) | Meaning, Definition | Components

Balance of Payment (BOP): “A Balance of Payment (BOP) of a country refers to an account that records each monetary transactions between the residents of that country and all other countries during a stipulated period of time. These monetary transactions/ economic transactions can be done by an individual, enterprises, or government of the country”. In … Read more Balance of Payment (BOP) | Meaning, Definition | Components

What is Bill Discounting? Meaning, Advantages | Process

Bill Discounting: The working capital is one of the most significant requirements to operate small or medium business enterprises smoothly. However, it is difficult to arrange or maintain in nowadays’ scenario as the trading of goods or services in domestic as well as international market are done mostly on a credit basis. The intention of … Read more What is Bill Discounting? Meaning, Advantages | Process

What is Escrow Account? | How does it works? | Meaning and Process

What is Escrow Account? www.thesisbusiness.com When it comes to international trade or large transactions or corporate deals between two parties or individuals where the trustworthiness regarding fulfilment of contractual obligations of any parties or company or individuals is uncertain, there surely arise the requirement of an Escrow Account to avoid or eliminate the risk associated … Read more What is Escrow Account? | How does it works? | Meaning and Process

What is Promissory Note? Types, Definition | Features and Parties

What is Promissory Note? “A Promissory Note is a legal, written financial documents (undertaking)/ financial instrument established between two parties issued/ drawn by one party which is consists of an unconditional, unsecured and a clear promise to pay specific amount to creditor or any third party endorsed by the creditor on a predetermined date or … Read more What is Promissory Note? Types, Definition | Features and Parties

What is Bill of Exchange? Meaning, Types | Features and Parties

In this article, we will learn about the Bill of Exchange, its usage and features. We are going to discuss the following topics. What is Bill of Exchange? Meaning and definition. Features of Bill of Exchange Types of Bill of Exchange Participants in Bill of Exchange With Example What is Bill of Exchange? “The Bill … Read more What is Bill of Exchange? Meaning, Types | Features and Parties