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That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. [ 1] Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt.
t. e. The posting rule (or mailbox rule in the United States, also known as the " postal rule " or " deposited acceptance rule ") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted ...
Transparency International 's 2023 Corruption Perceptions Index, which scored 180 countries on a scale from 0 ("highly corrupt") to 100 ("very clean"), gave Nepal a score of 35. When ranked by score, Nepal ranked 108th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [ 2]
Letters with alternative forms (bha and ha) and letters that form ligatures together with the vowel u (ja and ra ). Also note that "u" changes shape when combined with "bha". Some letters have alternative forms that are used when combined with certain vowel diacritics or included in a consonant cluster.
A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand ...
Nepali is a highly fusional language with a relatively free word order, although the dominant arrangement is subject–object–verb word order (SOV). There are three major levels or gradations of honorific: low, medium and high. Low honorific is used where no respect is due, medium honorific is used to signify equal status or neutrality, and ...
Securities Board of Nepal (SEBON) (Nepali:नेपाल धितोपत्र बोर्ड) is the regulator of securities market in Nepal. It was established on June 7, 1993 after the first amendment in the Securities Exchange Act 1983. [ 1 ]