Basically, an Insurance Policy is a standard form of contract between the insurer and the insured. In the societies, there are different types of insurance policies and contracts which are designed to meet the...

Bank Accounts are financial accounts offered by financial institutes to the respective bank customers. Bank accounts may vary according to their functions; hence they are opted as per the customers needs. Some...

ATM is a payment card which is used by the respective customers for carrying their financial purposes. The card is also known as a bank card, client card, key card, or cash card; hence it is applicable in...

An asset is something which is owned and controlled by an entity. It is capable of bringing some financial gain in the future. On the other hand, a liability is a present obligation which has to be settled in...

A check is a negotiable instrument which directs a bank to pay a certain amount from a specified account. A demand draft refers to a prepaid negotiable instrument which is used for transfer of money in a more...