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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 ...
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.
UKC = Charted Depth − Draft-/+ Height of Tide. Ship masters and deck officers can obtain the depth of water from Electronic navigational charts. [5] More dynamic or advanced calculations include safety margins for manoeuvring effects and squat. [7] Computer systems and software can be used to manage and calculate UKC for ships and ports.
This figure graphs the holding cost and ordering cost per year equations. The third line is the addition of these two equations, which generates the total inventory cost per year. This graph should give a better understanding of the derivation of the optimal ordering quantity equation, i.e., the EPQ equation
The figure graphs the holding cost and ordering cost per year equations. The third line is the addition of these two equations, which generates the total inventory cost per year. The lowest (minimum) part of the total cost curve will give the economic batch quantity as illustrated in the next section.
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Such fraudulent demand drafts are usually drawn payable at a distant city without debiting an account. The draft is cashed at the payable branch. The fraud is discovered only when the bank's head office does the branch-wide reconciliation, which normally take six months, by which time the money is gone.
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