business law

draft

 A written order of payment by one party (the drawer) to another party (the drawee) to pay a particular sum to a third party (the payee) on or before a particular date.

 

debenture

 A type of debt-creating instrument, such as a promissory note, that is not secured by a physical asset or other collateral.  Companies and governments often rely on this type of instrument in order to secure capital.

 

Pages

Subscribe to RSS - business law