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What is the difference between demand draft and pay order?
A demand draft is a pre paid negotiable instrument, wherein the drawee bank undertakes to make payment in full when the instrument is presented by the payee for payment. The demand draft is made payable at a specified branch of a bank at a specified centre. In order to obtain payment, the beneficiary ha to either present the instrument directly to the branch concerned or have it collected by his bank through the clearing mechanism. A banker's cheque(Pay Order) is another payment instrument which is used by the banks to settle payment obligations on behalf of their customers. This instrument is guaranteed by the bank for its full value and is similar to a demand draft. In practice, these instruments are payable at the branch of issue and are used for payment within the local clearing jurisdiction.
What is difference between drawee and drawer?
Drawer is the authorized person to make the note, check, bills of exchange etc. He is also known as maker of instrument(note,boe,check). Drawee is the person who makes the payment for the bill or instrument written.
What is the difference between cheque and voucher?
Cheque is both securities and payment instrument. Voucher is only securities. From securities point of view they are the same and have the same meaning. Cheque has larger scope.
What difference between cost and costing?
difference between cost and costing
What is the Difference between brokerage and commission?
difference between broker and commission agent
What is the difference between negotiable instrument and cash?
Cash is, well, cash: banknotes and/or specie that are, in themselves, recognized as valid legal tender.A "negotiable instrument" is a document promising payment in cash either at a specified time or upon demand. The one most familiar to most people would be a check, though a promissory note and a bill of exchange are also negotiable instruments (a check is a particular form of a bill of exchange).
What is the difference between a rated and unrated bill of lading?
Non negotiable bill of lading
What is the difference between game and instrument?
There is far difference between game and instrument. We play game to overcome the challenges but we play instrument for the enjoyment.
What is the difference between a negotiable certificate of deposit and a non-negotiable certificate of deposit?
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
What is the difference between a negotiable certificate of deposit and a non negotiable certificate of deposit?
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
What is the difference between legislative instrument and executive instrument?
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What is the difference in having an express bl and original bl?
The difference between an express Bill of Lading (BL) and an original Bill of Lading lies primarily in their use and transferability. An express BL is typically a non-negotiable document that simplifies the shipping process by allowing for quicker release of cargo without the need for physical documents, while an original BL is a negotiable document that represents ownership and requires endorsement to transfer rights to the cargo. As a result, an original BL is often used in transactions involving multiple parties and financing, while an express BL is more straightforward and efficient for direct cargo release.
What is the difference between tuned and un-tuned percussion instrument?
the difference is that a tuned percussion instrument gives is a nice vibrant sound when on the other hand an percussion instrument that's not tuned either gives it a flat papery sound or just an annoying echo
What is the difference between sterile tray and peel-wrapped instrument?
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What is the difference between a Private Transfer Fee Covenant and a Reconveyance Fee Instrument?
There actually is no difference. A Private Transfer Fee Covenant is a Reconveyance Fee Instrument.
What is the difference between private banking and non-private banking?
"There are many differences between private banking and non-private banking. The differences are as follows: number of directors, issue of prospectus, consent of directors, and the transferability of shares."
What are the differences between a violoncello and a cello?
There is no difference between a violoncello and a cello. They are two names for the same musical instrument, a large stringed instrument played with a bow.
