Payment Instrument

Banker's Check: A Secure Payment Instrument
A Banker's Check is a payment instrument issued by a bank on behalf of a customer, providing a secure and guaranteed way to transfer funds, often used for local payments.
Documentary Letter of Credit (DLC): A Crucial Payment Instrument in Trade
A comprehensive exploration of Documentary Letter of Credit (DLC), covering its historical context, types, key events, detailed explanations, importance, applicability, examples, considerations, related terms, and more.
Sight Draft: Immediate Payment upon Presentation
A sight draft is a financial instrument where the payment is due immediately upon presentation to the drawee. Often used in international trade, it helps secure timely payment for goods and services.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.