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Overdrafts may be secured or unsecured. They are a very flexible form of short term finance because the funds are there when the business needs them and interest is only charged on the outstanding daily balance
? Bank Bills ? are bill of exchange where the acceptor and/or endorser is the bank. They are usually drawn for periods of 30, 90 or 180 days and normally a face value of $100,000 or $500,000...
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Overdrafts may be secured or unsecured. They are a very flexible form of short term finance because the funds are there when the business needs them and interest is only charged on the outstanding daily balance
? Bank Bills ? are bill of exchange where the acceptor and/or endorser is the bank. They are usually drawn for periods of 30, 90 or 180 days and normally a face value of $100,000 or $500,000...
Essay fragment
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