CASH DRAW Definition

CASH DRAW see PROPRIETORS DRAW.

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STATUTORY LIQUIDITY RATIO (SLR) is a ratio which every banking company shall maintain in the form of cash, gold or unencumbered approved securities, an amount which shall not, at the close of business on any day be less than such percentage of the total of its demand and time liabilities as the Reserve Bank may specify from time to time.

INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.

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