• They are a faster means of raising finance (if drawer is credible).
• Is highly negotiable/liquid investment
• Does not require security
• Does not affect the gearing level of the company
• It is unconditional and can be invested flexibly
• It is useful as a source of finance to finance working capital
• It is used without diluting capital.
Kavungya answered the question on March 11, 2019 at 13:37
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