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Subhojit Bhakat
(Querist)
03 May 2014
what is money at call and short note???
Nikhil Kaushik
(Expert)
03 May 2014
a short term loan which doesn't have a repayment schedule but is repayable on demand is called money at call or call money.
in banking system, this instrument has a maturity between 1-15 days.
money at short notice (not short note) is a loan which is payable within short period after notice of demand. Normally the notice period is between 1-14 days.
in banking system, this instrument has a maturity between 1-15 days.
money at short notice (not short note) is a loan which is payable within short period after notice of demand. Normally the notice period is between 1-14 days.
Subhojit Bhakat
(Querist)
04 May 2014
Thank u Nikhil Sir...And Sorry for my mistake
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