Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Financial Account Interviews:Associate Finance ExecutiveBilling CoordinatorBilling SpecialistBudget AnalystCash ClerkCashier AssistantCFOClaim ClerkCommercial Loan OfficerDeath Benefits ClerkFinance AnalystFinancial AdministratorFinancial ControllerFinancial PlannerFinancial SpecialistHedge Fund TraderIncome Tax ExpertInsurance AgentWestern Union
Copyright © 2018. All Rights Reserved
Commercial Loan Officer Interview Question:
Explain me what is ‘Cheque Discount'?
Submitted by: MuhammadCheque discounting service is offered only by few banks. For instance, if you have a cheque of $3000 outstation and the cheque will take 7 seven days for clearance, then bank will offer you a service for early payment. The bank can make an early payment, but they will pay only for certain percentage of the actual amount, here they will pay you $2000 but they will charge interest on it and the remaining $1000 will be paid, once the outstation cheques get clear.
Submitted by: Muhammad
Submitted by: Muhammad
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.