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Financial Services
A Documentary collection is a collection of sum of money from a buyer for delivery of documents. It is an international trade procedure wherein the bank in the importer's...
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A payment of cash for which there is no directly associated counter value. Clean payments are the most broadly used medium for paying a client’s account receivable or pay...
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A small written form that is sometimes used to deposit funds into your account. A deposit slip indicates the date, the name of the depositor, the depositor's account numb...
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A security deposit is a deposit made by the tenant to the land lord. It gives protection to the landlord in case the tenant vacates the property being rented or leased wi...
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Deposit slip is a printed form where the type of funds being deposited is indicated and to what account it is deposited into.
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Different types of checks:
1. Cashier's cheques - it is a cheque purchased with cash or debit from an account on the bank where the cheque originates.
2. Official, Tre...
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Different types of bank account:
1. Savings account - it is designed to hold money that is not readily accessible. It offers higher interest rate than checking account. ...
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