Daily One Banking Term : ( 25 Sep 2017 )


✔️ Execution of Documents: Execution of documents is done by putting signature of the person, or affixing his thumb impression or putting signature with stamp or affixing common seal of the company on the documents with or without signatures of directors as per articles
of association of the company.

 ✔️ Face Value/ Nominal Value: The value of a financial instrument as stated on the instrument. Interest is calculated on face/nominal value.

✔️ Fixed-income Securities: Investment vehicles that offer a fixed periodic return.