v Exchange Rate: Rate at which the domestic currency can be
converted into foreign currency and vice versa.
v Cheque: Cheque is a negotiable instrument containing
conditional order to pay sum of money to the person mentioned on it or to the
bearer of the instrument.
v Crossing: Two parallel lines drawn on the top left
corner of the cheque
v Account Payee Cheque: Account payee cheque can be routed only
through accounts
v Post dated Cheque: The date on the check beyond today’s date then
cheque becomes post dated.
v Stale Cheque: A cheque which has completed the stipulated
validity period of the cheque is called as the stale cheque (The validity
period of 6 months as at present)
v Mutilated cheque: It is a damaged cheque
v Bounced Cheque: It is nothing but an ordinary bank check that
any bank can refuse to encash or pay because of the fact that there is no
sufficient balance in the bank account of the originator
v At Par cheque: It is payable anywhere in India
v Travellers Cheque: Cheques issued by a bank and function as cash
but are protected against loss or theft when travelling.
v Money Laundering: Conversion of money which is illegally obtained
v Linked Account: Any account linked to another account in the
same bank where funds can be transferred electronically between accounts and
carry out other specified services as well
v Collateral: A borrower needs to provide some kind of
security to the bank in case of high ticket loans, such security is called
‘collateral’
v Floating Rate:An interest rate that is referenced to a
market rate and is revised as per the change in the interest rates in the
economy. When interest rates in the economy rise, floating rates rise and vice
versa.
v Inflation: Decreasing the value of money in this statemoney looses the value hence prices will go up.
FOR ANY QUERY:-www.acmeentranceexpert.com
CONTACT:- 9810513909
No comments:
Post a Comment