a cheque for the amount

  • 111Testosterone — For the film, see Testosterone (film). Testosterone Systematic (IUPAC) name …

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  • 112Grand Western Canal — The Grand Western Canal ran between Tiverton in Devon and Taunton in Somerset in the United Kingdom. The canal had its origins in various plans, going back to 1796, to link the English Channel and the Bristol Channel by a canal, bypassing Lands… …

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  • 113History of banking — The first banks were the merchants of the ancient world that made loans to farmers and traders that carried goods between cities. The first records of such activity dates back to around 2000 BC in Assyria and Babylonia. Later, in ancient Greece… …

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  • 114Demat account — The term Demat, in India, refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures, required for investors by The Securities Exchange Board of India (SEBI). In a demat account, shares and… …

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  • 115Magnetic ink character recognition — Cheque sample for a fictional bank in Canada using par crossing MICR encoding for cashing in the United States Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate …

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  • 116Islamic Golden Age — The Islamic Golden Age, also sometimes known as the Islamic Renaissance, [Joel L. Kraemer (1992), Humanism in the Renaissance of Islam , p. 1 148, Brill Publishers, ISBN 9004072594.] was traditionally dated from the 8th century to the 13th… …

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  • 117interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… …

    Financial and business terms

  • 118Float — The number of shares that are actively tradable in the market, excluding shares that are held by officers and major stakeholders that have agreements not to sell until someone else is offered the stock. The New York Times Financial Glossary * * * …

    Financial and business terms

  • 119float — The use of funds generated as a result of timing differences in the check clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank s reserve account for checks being cleared can be received prior to the time… …

    Financial and business terms

  • 120Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… …

    Financial and business terms