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What is the Demand Draft? - Commerce

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प्रश्न

What is the Demand Draft? 

लघु उत्तरीय
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उत्तर

A demand draft 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).

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Issue of Demand Drafts Online
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Banking - Latest Trends - EXERCISES [पृष्ठ १०४]

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सी. बी. गुप्ता Commerce Volume 2 [English] Class 12 ISC
अध्याय 4 Banking - Latest Trends
EXERCISES | Q 6. | पृष्ठ १०४
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