An instruction to the bank from an account holder to pay a sum of money to a creditor on completion of certain conditions is known as
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- A guarantee which is issued by a bank, guaranteeing the timely payment of installment to the supplier, by t...
- Creditor is a person
- Guarantee is issued in the favour of
- The confirming bank
- A bank guarantee has been issued by the bank in lieu of the customer being required to deposit cash securit...
- When the seller of machinery or other capital equipment is agreeable to extend long term credit to the buye...
- Ram Kumar opened a savings bank account in State Bank on 4th January of a year and closed the account on 9t...
- When the court declares certain provisions of the Act invalid, it does not affect the validity of the Act a...