Negotiable Instruments: Exhaustive Coverage by Adv Roma Bhagat. Register Now!
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prof s c pratihar ( urologist &legal studies)     19 September 2008

inconvertable paper money

dear sir,

                 it is not a currency notes nor an instrument.then exactly what is this?


 1 Replies

Prakash Yedhula (Lawyer)     29 September 2008

Paper Money refers to bank notes or any other currency made of paper. Paper money may be convertible, that is, redeemed into full-bodied coin or bullion, or it may be inconvertible. Occasionally, any kind of money made of paper, including not only currency but also drafts, cheques, money orders, etc.

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