This article will help you to learn about the between a bill of exchange and a cheque. Difference between Bill of Exchange and Cheque Bill of Exchange 1. Drawn On: It is usually drawn on any person. 2. Acceptance: Acceptance of bill of exchange is necessary before its payment can be claimed. 3. Days of Grace: Three days of grace [...]
This article will help you to learn about the difference between a bill of exchange and a promissory note. Difference between Bill of Exchange and Promissory Note Bill of Exchange 1. Drawer: It is drawn by a creditor. 2. Parties: There are three parties: (i) Drawer, (ii) Drawee and (iii) Payee. 3. Acceptance: A bill of exchange requires acceptance of [...]
After reading this article you will learn about:- 1. Origin and Development of Bank 2. Meaning and Definition of Bank 3. Classification 4. Functions 5. Advantages or Importance. Origin and Development of Bank: There is no unanimity of opinions about the origin of the word 'Bank'. According to some monetary experts, the word 'Bank' is derived from 'Banco'. 'Bancus', 'Banque' [...]