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Working Capital Financing

Sight Draft

Meaning of Sight Draft Sight Draft is a financial instrument that is payable when it is presented, similar to a cheque. It is the most preferred form of payment …

Time Draft

Meaning of Time Draft Time Draft is a document acknowledging a promise to make a payment after a specific period. It is usually used in international trade and provides …

Trade Acceptance

Meaning of Trade Acceptance Trade Acceptance refers to a contractual obligation acknowledging the existence of a debt. It is a time draft or bill of exchange for a specific …

Trade Debt

Meaning and Definition of Trade Debt Trade Debt is defined as the money payable by a Company to its supplier for goods or services received by it. In other …

Balloon Payment

Definition of Balloon Payment A balloon payment is defined as a significantly large amount of payment made at the end of the loan tenure. Most part of the principal …

Bank Statement

A bank statement is a summary of all the transactions done by the account holder every time period. It is a detailed list of all debits and credits within …

Bridge Loan

A bridge loan is a short-term loan, which serves commercial or individual needs. The loan is backed by collateral securities like bonds, debentures, real estate property and so on. …