E-signature is now widely used in the business world. E-signature is used in the corporate sector in reports and other materials. The signature serves as a person’s graphic identity. The graphic identity of an individual is scanned and copied and pasted into the e-signature. A genuine signature on a document represents the document’s validity. It …
Let’s start with the cheque itself before we get into the definition of a post-dated cheque and why they’re issued. What is the definition of a check? A cheque is a bill of exchange drawn on a specific banker and made payable on demand. It includes a printed form as well as an electronic cheque. …
As the number of cheque transactions has increased, so has the number of cheque-related crimes or dishonesty. A cheque bounce or dishonour of cheque occurs when there is no money or insufficient funds in an account and someone writes a cheque that the bank does not pay. Even if the cheque is bounced intentionally or …
Nepal Rastra Bank enacted merger Bylaws in 2068 in order to put bank and financial institution merger policies into action and to bring financial consolidation policies to a logical conclusion. In the three years since merger policies were implemented in Nepal, 68 banks and financial institutions merged to form 25 banks and financial institutions. Nepal …
Imports and exports are now commonplace jobs in all countries around the world. To import items from another country, an LC (Letter of Credit) must be issued. We’ll go over what an LC is and how to make one.Letters of credit are a reliable payment mechanism in business because the nature of international trade includes …