Author Archives: Gopika

Bill Of Exchange A bill of exchange is a written acknowledgement of the debt, written by the creditor and accepted by the debtor.) It is called a draft before its acceptance. Therefore, one of the underlying features of a bill of exchange is that it has to be accepted either by the person upon whomContinue reading “ESSENTIALS OF BILL OF EXCHANGE”

What is Bill Of Exchange? As per Section 5 a bill of exchange” is “an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.”A billContinue reading “BILL OF EXCHANGE (BOE)”

Promissory Note :- Promissory note is a written promise to pay a debt. It is a financial instrument, in which one party (maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed, determinable future time or on demand of the payee subject toContinue reading “PARTIES TO A PROMISSORY NOTE”

What is a Promissory Note? Promissory note is a written promise to pay a debt. It is a financial instrument, in which one party (maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed, determinable future time or on demand of the payeeContinue reading “PROMISSORY NOTE”

Meaning of Negotiable Instruments There are certain documents which are freely used in commercial transactions. They are called negotiable instruments. Negotiable Instrument literally means a written document which create a right in favour of some person and which is freely transferable. It is not assignable but transferable. Negotiable Instruments are money/cash equivalents. These can beContinue reading “TYPES OF NEGOTIABLE INSTRUMENTS”

What is Negotiable instrument Act 1881? The negotiable instruments are governed by the Negotiable Instrument Act of 1881 in India. It extends to the whole of India except the state of Jammu and Kashmir. The Act came into force on 1st march 1882. It is recently amended by “the Banking. Public Financial Institutions and NegotiableContinue reading “NEGOTIABLE INSTRUMENT ACT”

Meaning of Negotiable Instruments There are certain documents which are freely used in commercial transactions. They are called negotiable instruments Negotiable Instrument literally means a written document which create a right in favour of some person and which is freely transferable. It is not assignable but transferable Negotiable Instruments are money/cash equivalents. These can beContinue reading “NEGOTIABLE INSTRUMENTS”

What is Internet banking or online banking? Net banking helps the customer to transact with the help of a mouse. So he can avoid his visits to the neighborhood bank. Internet banking is sometimes called online banking.It is an outgrowth of PC banking. Internet banks are also known as virtual, cyber, net, interactive, or webContinue reading “INTERNET BANKING OR ONLINE BANKING”

One more risk related with a graduated home buyback is the chance of dispossession. Despite the fact that the borrower isn’t liable for making any home loan installments — and consequently can’t become delinquent on them — a house buyback requires the borrower to meet specific circumstances. Neglecting to meet these circumstances permits the bankContinue reading “Do This to Avoid Foreclosure From a Reverse Mortgage”

How do we stay away from Reverse Mortgage Scams? With an item as possibly rewarding as a graduated house buyback and a weak populace of borrowers who may either have mental impedances or be frantically looking for monetary salvation, tricks flourish. Deceitful merchants and home improvement workers for hire have designated seniors to assist themContinue reading “STAYING AWAY FROM REVERSE MORTGAGE SCAMS”