Hundis: Specimens British India Hundi British India Hundi Bank Memo to a Hundi Foreign Bill Opium Hundi Princely State Hundi Others A Representative Darshani Hundi. Lastly, remember to never use any of these slangs for money if you are doing formal writing. Darshani hundis are payable at sight while Muddati hundis are payable after a certain period, after date of sight. Dastkhat Brijkishore Bhargava ke hundi likhe mujib sikar desi. Sambat 1990, Miti Mangsir bad baras, Rs.
Though normally regarded as bills of exchange, they were more often used as equivalents of cheques issued by indigenous bankers. The drawer who is interested in sending the money writes to the payee and delivers the letter along with the remittance to a banker. Hundies Hundis refer to financial instruments evolved on the Indian sub-continent used in trade and credit transactions. But where by any words in the instrument itself the usages regarding such instruments are excluded or where the writing expressly indicates an intention that the legal relations of the parties thereto shall be governed by the Negotiable instruments act, the act will apply. The value of those future cash flows in today's terms is calculated by applying a discount factor to future cash flows.
It will not be paid unless the name of the shah by whom it is presented is endorsed on it. But it is payable only to a respectable person. A minor may be the holder of shah jog hundi and a payment to whom may be a good payment. They were also used as a credit instrument to borrow money. In case there is no customary rule known as to a certain point, the court can apply the rules of the Negotiable Instruments Act.
They have many gods that are actually different aspects of the same god. It may be miadi or darshani and can be transferred freely from one person to another by mere delivery but it is not payable to bearer. It is also open to the parties to exclude expressively the applicability of any custom relating to Hundis by agreement and include the provision of the Negotiable Instrument Act. The origin is unknown though. The term comes from the Sanskrit word Hund which means to collect. Last edited on May 25 2017. Hundies meaning in Hindi हिन्दी मे मीनिंग is हुण्डी.
This goes back to multiplying the value of the coin for 25 cents. A shah jog hundi may pass from hand to hand till it reaches a shah, who , after making due enquiries to secure himself presents it to the drawee for acceptance or payment; then its negotiability ceases. It has all the characteristics of negotiable instrument. Thus both the drawer and the drawee are protected. The alteration of a nam jog hundi into a shah jog hundi is a material alteration and renders the hundi void. Dhani jog Hundi : This is hundi payble to Dhani or owner, i. It is in the form of promote.
Hundis may be either Darshani or Muddati. A hundi is the oldest known instrument used for the purpose of transfer of money without its actual physical movement. If the goods are lost in transit, the consignor cannot claim payment of the hundi from the consignee, i. Hundis are instruments drawn by Indians in an oriental language. Know answer of question : what is meaning of Hundies in Hindi dictionary? A jokhmi hundi is designed with a double purpose; namely — to put the drawer of the hundi in funds and at the same time to affect an insurance upon the goods themselves. They are virtually inland bills of exchange and recognized by custom and law in India.
It is in use all over India in connection with Marwari hundis. The definitions of these slang words appear below the list. A Hundi is a negotiable instrument by usage. Shah jog Hundi : This is a hundi payable only to a shah i. The Hindu people have a complex belief system. Hundies का मतलब मीनिंग हिंदी में जाने.
Punamchand Harackchand on 12th Mangsir 1990, which please honour on presentation in the current money. The broker will get the money if the vessel arrives safe in port. These 95 slang words for money and their meanings are really worth taking a look at. This is similar to a time bill. Jawabi Hundi : This is a hundi employed to send money to distant places and resembles a money order. Indeed, junk bonds are sold at a deep discount.