Introduction to Business

Letter of Credit is a sort of open letter that requires some person to advance certain money to the other party named therin with a promiose to refund the money to the person advancing the money or accepts the bill drawn upon himself. It is denoted by LC. Contents of a LC Normally, a letter of credi...
last updated on 13-May-2018
Commercial banks perform numerous function on a daily basis to satisfy the needs of their customers. During the course of providing their services, they make profit in order to meet its obligations and other expenses. To make sure they remain in the business, they keep sufficient amount of funds in ...
last updated on 15-May-2018
In order to meet the needs, various businesses and individuals take loans. Apart fromt this, in order to run or start the business or finance a trade, banks issue various kinds of loans. Whatever the form of loan, it is broadly classified into Secured and Unsecured Loan. Secured Loan Unsecured Loan ...
last updated on 16-May-2018