Block Order
Block Order Definition: A block order is a type of order that specifies a range of prices for a security, rather than a single price. It is a type of limit order that allows the trader to specify a minimum and maximum price for the order. Key Features of Block Orders: Price Range: Specifies a […]
Bancassurance
Bancassurance Bancassurance is a distribution channel model in which banks offer a range of insurance products through their own branches or online platforms, often in partnership with insurance companies. Key Features of Bancassurance: Cross-selling: Banks leverage their existing customer relationships to sell insurance products to their clients. Integrated services: Banks offer a seamless customer experience […]
Brick And Mortar
Brick-and-mortar refers to businesses that have physical locations where customers can interact with the company in person. These businesses typically have a tangible presence in a particular geographical area, such as a brick-and-mortar store. Key characteristics of brick-and-mortar businesses: Physical location: Have a physical space where customers can visit. Interaction with customers: Allow customers to […]
Pyrrhic Victory
Sure, here’s the definition of pyrrhic victory: Pyrrhic victory: A victory that comes at a high cost, often with long-term negative consequences. Here’s an example: The warrior won the battle, but he lost a limb in the process. This would be considered a pyrrhic victory. Here are some other examples: A politician gains power through […]
Accounting Method
Accounting Method An accounting method is a set of accounting principles, procedures, and practices used to record, summarize, and report financial data accurately and consistently. It is a framework that provides a common set of rules for preparing financial statements and other accounting records. Types of Accounting Methods: 1. Financial Statement Accounting Methods:– Generally Accepted […]
Department Of Commerce & Industry
The Department of Commerce Industry is a key agency within the United States Department of Commerce responsible for promoting and supporting the growth and resilience of the American economy. It plays a vital role in shaping industry policies and programs, fostering international economic engagement, and providing data and analysis on various economic sectors. Key responsibilities: […]
Advisory Management
Advisory Management Advisory management is a type of investment management that provides professional advice and guidance to investors on a continuous basis. It typically involves the following services: 1. Investment Planning:– Defining financial goals and objectives- Assessing current financial situation and risk tolerance- Developing an investment strategy aligned with goals- Selecting suitable investments and determining […]
Common Law
Common Law Common law is a body of law that originates from judicial decisions made by courts in England. It is a shared law that applies to all members of society, regardless of their social status, property holdings, or nationality. Sources of Common Law: Judicial Decisions: The primary source of common law is the body […]
Force Majeure
Force majeure is a term used in contracts to describe events that are beyond the control of both parties and make it impossible to fulfill the terms of the contract. These events are often referred to as “acts of God” or “superior force.” Examples of force majeure events: Natural disasters (e.g., hurricanes, earthquakes, floods) Acts […]
Capital Rationing
Capital Rationing Capital rationing is a situation in which a firm is unable to obtain all of the capital it needs to finance its investment projects. This can occur when there is a shortage of available capital, or when the cost of capital is high. Causes of Capital Rationing: Shortage of available capital: When there […]
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