Lesson 29-2
Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!
Travelers Check
a check drawn by a well-known financial institution on itself or its agent
Certified Check
a check excepted by the bank before payment
Cashiers Check
a check in which a bank drawns on itself
Tellers Check
a check that is drawn by a bank on funds that it has on deposits at another bank
Money Order
a draft that is issued by a post office or an express company
Letters of Credit
specialized types of commercial paper used in international transactions
Documentary Letters of Credit
used in transactions involving the sale of goods
Standby Letters of Credit
used to guarantee that a party will fulfill monetary obligations involving construction, service, or sales contracts
