Hundi payable on expiry of a fixed period of time to any person is called
Answers
Answer:
Muddati Hundi: A muddati or miadi hundi is payable after a specified period of time. This is similar to a time bill. There are few other varieties of hundies like Nam-jog hundi, Dhani-jog hundi, Jawabee hundi, Hokhami hundi, Fir man-jog hundi, and so on. Now a days these instruments of credit are called bills of exchange or promissory notes
Hundi payable on expiry of a fixed period of time to any person is called?
The correct answer is :
Muddati Hundi
Explanation :
Hundi payable on expiry of a fixed period of time to any person is called __Muddati Hundi__.
The Hundi which is given to a person at the end of a certain period is called 'Mudati Hundi'.
'Mudati Hindi' has a fixed duration. It is payable only for a specified period. Muddati Hundi is like a time bill.
Hundi is such a method in the ancient payment system of India, which has been used in the payment process. In India, hundi has been used as a means of credit since ancient times.
Hundi is the type of document which is used in the payment process. There are many types of Hundi, the names of Nam-Jog Hundi, Dhani-Jog Hundi, Jawati Hundi, Hokhami Hundi, Phirman-Jog Hundi etc. are prominent.
Hundi is used in many ways in India. This is a popular method used in business operations.
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