A written order to pay a certain sum in money that is payable at a particular future date.
Time drafts, sometimes called time bills or time loans, are frequently used by merchants to finance the transportation of goods.
More From encyclopedia.com
Finance Companies , Commercial finance companies have in recent years become a favorite option for entrepreneurs seeking small business loans. Commercial financing insti… Loan , Loan A loan refers to a sum of money borrowed by a corporation, an individual consumer, or another entity. Generally speaking people use loans to pay… AES Student Loans , High school is the last stop we must make before we officially become adults. Deciding what to do after high school is not an easy decision. Some stu… Federal Perkins Loan Program , Federal Perkins Loan Program The Federal Perkins Loan Program provides money for college or career school for students with financial need. Students… Commercial Paper , A written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one indiv… Collateral , Collateral is an item of value that is pledged to guarantee repayment of a loan. Collateral items are generally of significant value—property and equ…
About this article
Updated About encyclopedia.com content Print Article
You Might Also Like