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Instrument is any source document which can be used to carry out a financial transaction. For example, Cash deposit voucher, check deposit voucher, Check are some of the instruments. Instruments includes:
- What is the transaction to be carryout (i.e Cash deposit voucher is used to deposit cash into an account)
- Value of the transaction (Amount in Figures etc...)
- Additional particulars of the transaction (Account Numbers, Names, Reference Numbers, Addresses etc...)
Instrument is a vital document for a bank because, all bank transactions are generated by an Instrument.
What else can I help you with?
What are banking terms?
Here is a link to a glossary of banking terms. Click the link in 'Related Links'.
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
What are the types of banking convertible securities?
money market instrument , and bonds
What does non derogatory mean in terms of banking?
non derogatory in banking means that an account is ok
In banking terms what is a fsr?
Feasibility Study Report
What are banking terms?
Here is a link to a glossary of banking terms. Click the link in 'Related Links'.
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
What are the types of banking convertible securities?
money market instrument , and bonds
What does non derogatory mean in terms of banking?
non derogatory in banking means that an account is ok
In banking terms what is a fsr?
Feasibility Study Report
What does TI'S mean in banking terms?
Trade Invoice
What is the opposite of withdrawal in banking terms?
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
Where is pof oaks lab in Kanto?
POF is refers Proof of funds and it is a banking instrument.
What terms relates to money and banking?
monetary policymonetary policyA+
What does tr mean in banking terms?
Emily is I'm not shore
What does CIS stand for in banking terms?
Customer Information Systems
What does URN stand for in banking terms?
Unique Registration Number
