Which among the following is a nearest term to Pay Order?
Which among the following is a nearest term to Pay Order?
[A]Bank Draft
[B]Banker’s Cheque
[C]Bill of Exchange
[D]Promissory Note
Banker’s Cheque
A cheque issued by a branch of a bank against consideration received. Banker’s cheque are valid for a certain period as indicated on the face of the cheque. (also called Pay Order).