Commercial Vehicle Loan
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Capital Access Group is an expert in providing commercial & vehicle loans in Melbourne. We specialise in commercial vehicle financing services & provide advice for leasing options.
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1. Definitions of DDs under the Negotiable Instruments Act and key features such as being payable to order and not bearer.
2. Security features that should be present on DDs such as unique tracking numbers.
3. Relationships and responsibilities involved in DDs between the purchaser, payee, and bank.
4. Policies for stopping payment, issuing duplicates, handling simultaneously presented originals and duplicates, and validity periods.
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- Banks provide secured and unsecured advances, with secured advances having a primary security/collateral pledged by the borrower, such as machinery.
- The main types of advances are loans, cash credits, overdrafts, and bills discounted. Loans can be short-term or long-term based on purpose.
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