BD meaning in Accounts and Finance ?

tuteeHUB earn credit +10 pts

Answer:

What is Bank Draft mean?

A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing or checking account) where the money is held. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or company the amount of money stated.

Definition of a cheque as per The National Provincial Bank circa 1968 was "an unconditional order in writing drawn on a Banker, signed by the drawer, instructing the Banker to pay on demand a sum certain in money to or to the order of a specified person or to Bearer and which does not order any act to be done in addition to the payment of money".

Although forms of cheques have been in use since ancient times and at least since the 9th century, it was during the 20th century that cheques became a highly popular non-cash method for making payments and the usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked in or around the early 1990s. Since then cheque usage has fallen, being partly replaced by electronic payment systems. In an increasing number of countries cheques have either become a marginal payment system or have been completely phased out.

reference
Full Form Category
Brown Dwarf Academic & Science
Bachelor's Degree Academic & Science
Basic Design Academic & Science
Biological Defense Academic & Science
Baseline Data Academic & Science
Bounded Depth Academic & Science
Biological Dynamic Academic & Science
Batrachochytrium Dendrobatidis Academic & Science
Bidding Documents Accounts and Finance
Bank Draft Accounts and Finance
Bankers Daughter Banking
Bank Deposit Banking
Bid profile Business
Business Declines Business
Bad Deal Business
Business Division Business
Bead Business
Budget Group, Inc. Business
Black Diamond Chemistry
Birth Day Community
Business Dinners Community
Band Director Community
Baker's Dozen Community
Bondage Dominance Community
Behaviorally Disordered Community
Bilingual Dictionary Community
Brian Dowling Community
Bible Dictionary Community
Brian Doyle Community
Baby Daddy Community
Bass Drum Community
Bande Dessinee Community
Blu-ray Disc Computer Hardware
Before Destruction Computing
Big Digits Computing
Bad Disk Computing
Back Door Computing
Beautiful Disgrace Computing
Beautiful Day General
Bullet Dodging General
Bad Deals General
Bryan David General
Bird Distribution General
Broker Dealer General
Blaster Direct General
Black Disciples General
Bull Dyke General
Belgium Distribution General
Brown Dog General
Bande Desinee General
Bantam Duty General
Big David General
Bondage and Discipline General
Baby Dsl General
Bogies Demon General
Boundary Di General
Benedats Discovery General
Bed Down General
Break Down General
Binding Domain General
Bis in Die General
Bain Davis General
Buddy Droid General
Brighter Days General
Brett and Dylan General
Best Droid General
Big Demeanor General
Batting Data General
Before Danmus General
Big Dog General
Blue Diamond General
Black Dial General
Baby Diva General
Bi Directional General
Beagle Dog General
Blind Data General
Bondage And Domination General
Backordered Demands General
Bob Dylan General
Bondage Domination General
Big Daddy General
Bad Driver General
Bouligand Differential General
Buddy Don General
Beautiful Doll General
Black Dragon General
The Body Dissatisfaction General
Brain Damaged General
Bead Door General
A Butadiene Doi General
Broken Dissidence General
Behaviorally Disadvantaged General
Bill Depth General
Best Dumbass General
Ben Davis General
Ben Dover General
Beam Dump General
Big Dissapointment General
Bear Dude General
Board District General
Bradley Darryl General
Bloody Decks General
Begin Decommission General
Belt Driven General
BD Digital General
Base Down General
Broken Down General
Book Depreciation General
Blowdown General
Buildings Department Governmental
Building and Development Governmental
Budget Deficit Governmental
BADNERA JN Indian Railway Station
Basis Daten International
Becton Dickinson International
Bande Dessinée International
Bonner Durchmusterung International
Bis Dann International
Big Date Internet
Birth Doula Jobs
Building Designer Jobs
Block Diagonal Maths
Behavior Disorder Medical
Brain Development Medical
Bis In Die (Twice Daily) Medical
Bi-polar Disorder Medical
Binswanger's disease Medical
Birth Date Medical
Baby Dancing Messaging
Big Deal Messaging
Baby Dance Messaging
Big Dummy Messaging
Bidding Document Messaging
Business Development Messaging
Bussiness Development Messaging
Battlefield Distribution Military and Defence
Broadcast Domain Networking
Bounded Distortion Physics Related
Bunch-davies Vacuum State Physics Related
Below Detection Physics Related
Bedroom Real Estate
Basement Dweller Real Estate
British Dressage Regional
Background Debug Softwares
Radio-frequency Band Space Science
Binary Decoder Space Science
Binary Discrete Space Science
Board Space Science

Report

Posted on 29 Oct 2024, this text provides information on Miscellaneous in Accounts and Finance related to Accounts and Finance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Accounts and Finance
webstory list tuteehub
Miscellaneous in Accounts and Finance


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Important Accounts and Finance Links

open app imageOPEN APP