Promissory Note – How it works

Promissory Note – How it works The Promissory Note may either 1. be drawn against the balance of your share of the Running Balance Account (a.k.a. Treasury Trust Account), being an account held within the Australian Federal Treasury,  As the drawee, much...

What is a Bill of Exchange (BoE)?

What is a Bill of Exchange (BoE)? Imagine a situation where a buyer wants to purchase goods or property from a seller but plans to pay either in full or after six months. In such a scenario, the agreement for this purchase solely involves the buyer and the seller. The...