Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called | Faculties

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Mr. Dubey

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📊 Banking and Insurance

Q. Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called

(A) A letter of authority
(B) Letter of credit
(C) Stop payment letter
(D) Letter of credit

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✅ Correct Answer: (C) Stop payment letter

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