Cheque
A cheque is an instrument issued by the drawer, directing the bank to provide cheque deposit services, to unconditionally pay a specific amount to the beneficiary or bearer upon presentation.
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Promissory Note
The Promissory Note is an instrument issued by a bank that promises to unconditionally pay a specific amount to the beneficiary or bearer on sight.
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Bank Draft
The Bank Draft is an instrument issued by a bank, directing the bank to unconditionally make a payment to the beneficiary or bearer upon presentation, based on the actual settlement amount.
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