It is a short-term, negotiable, self-liquidating instrument which is used to finance the credit sales of firms.

Related MCQs

• Business finance companies provide specialized forms of credit to businesses by making loans and purchasing accounts receivable at a discount; this provision of credit is called
• .................. are negotiable instrument issued by an overseas depository
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• Liquidity status of certificate of deposit which is more negotiable is considered as
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• Which of the following is a characteristic feature of venture capital firms?
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• Which of the following can be described as involving direct finance?
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