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Banking term of the day

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=>Offer for Sale:

▪An offer to the public by, or on behalf of, the holders of securities already
in issue.

=> Offer for Subscription:

▪The offer of new securities to the public by the issuer or by
someone on behalf of the issuer.

=> Online Banking:

▪Banking through internet site of the bank which is made interactive.

 

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Banking Term of the day

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