Time vs Sight Draft

Time Draft vs. Sight Draft

Meaning and Similarities of Time Draft and Sight Draft Time Draft and Sight Draft are financial instruments primarily used in international trade. Both the… Read Article
Sight Draft

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… Read Article
Time Draft

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… Read Article
Trade Acceptance

Trade Acceptance

Meaning of Trade AcceptanceTrade Acceptance refers to a contractual obligation acknowledging the existence of a debt. It is a time draft or bill of… Read Article
Trade Debts

Trade Debt

Meaning and Definition of Trade DebtTrade Debt is defined as the money payable by a Company to its supplier for goods or services received… Read Article
Baloon Payment

Balloon Payment

Definition of Balloon PaymentA balloon payment is defined as a significantly large amount of payment made at the end of the loan tenure. Most… Read Article
Bank Statement

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… Read Article