History, asked by mannat9250, 1 year ago

define hundis in detail

Answers

Answered by sanjeevaarav910

Answer:

Hundi is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions

Answered by benv6395

Explanation:hundis is an unconditional order in writing made by a person directing another to pay

a certain sum of money to a person named in the order

Previous Question

Next Question

Similar questions

Biology, 6 months ago

Statement: Knee joint is an exmple for hinge type of joint. Reason: Femur, patella and fibula are related with knee joint. A. Statement is valid and reason is invalid. B. Statement is invalid and reason is valid. C. Both are valid and reason supports the statement. D. Both are valid and but reason doesn't supports the statement.

Science, 6 months ago

Explain the factors on which the time period of a simple pendulum doesn't depend...

Geography, 6 months ago

write an assignment on ecological disasters ...