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2. Demand draft - Wikipedia

   en.wikipedia.org/wiki/Demand_draft

   A specimen demand draft. A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts ...

3. Negotiable instrument - Wikipedia

   en.wikipedia.org/wiki/Negotiable_instrument

   A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one ...

4. Banker's acceptance - Wikipedia

   en.wikipedia.org/wiki/Banker's_acceptance

   When a draft promises immediate payment to the holder of the draft, it is called a sight draft. Cheques written on demand deposits are examples of sight drafts. When a draft promises a deferred payment to the holder of the draft, it is called a time draft. The date on which the payment is due is called the maturity date.

5. Banker's draft - Wikipedia

   en.wikipedia.org/wiki/Banker's_draft

   A banker's draft (also called a bank cheque, bank draft in Canada or, in the US, a teller's check) is a cheque (or check) provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. [1]

6. Post-dated cheque - Wikipedia

   en.wikipedia.org/wiki/Post-dated_cheque

   In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'. [15] Under the Bills of Exchange and Banking Act 1882, part 10, bills of exchange are payable on demand and in part 13, 'A bill is not invalid by reason only that it is ante-dated or post-dated.' [16] In the United Kingdom, post-dating a ...

7. Documentary collection - Wikipedia

   en.wikipedia.org/wiki/Documentary_collection

   Make international trade operations more flexible, Use Documentary Collection in cases when the seller does not want to deliver goods to the buyer on "open account" basis, but due to a long-term stable business relationship between the parties there is no need for security provided by a Letter of Credit or payment guarantee, Documentary collection is suitable to the seller: if the seller has ...

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9. Holder in due course - Wikipedia

   en.wikipedia.org/wiki/Holder_in_due_course

   In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and all previous holders ...