Warranty Deed
A warranty deed is a legal document that guarantees the warranty of a property by its seller to the buyer. It essentially transfers the seller’s warranty to the buyer, ensuring that the property is in good condition and that any defects will be corrected. Here are the main components of a warranty deed: 1. Granting […]
Transaction Exposure
Transaction Exposure Transaction exposure is the risk of foreign exchange (FX) loss arising from foreign currency transactions. It is the amount of foreign currency that is exposed to exchange rate fluctuations at the time of the transaction. Sources of Transaction Exposure: Foreign currency sales and purchases: Sales and purchases of foreign currencies expose companies to […]
Remittance
Sure, the word “remittance” is defined as: remittance: The act of sending money or other financial assistance to someone. Synonyms:– Transfer- Payment- Disbursement- Remittance payment- Remittance Antonyms:– Receipt- Acquisition- Receiving Examples: The recipient of the remittance was grateful for the help. The company’s remittance fees are very high. The government is working to reduce remittance […]
Political Economy
Political economy is a field of study that explores the relationship between political factors and economic outcomes. It is a subfield of economics that seeks to understand how political institutions and processes influence economic behavior and decision-making. Key concepts in political economy: Power and Institutions: Political economy studies how power is distributed within political institutions […]
Knowledge Economy
The knowledge economy is a term used to describe an economy that is primarily driven by the creation, use, and diffusion of knowledge rather than by physical resources. It encompasses a wide range of industries and activities, including: Key characteristics of the knowledge economy: High-skill labor: Relies heavily on educated and skilled workers who can […]
Marginal Standing Facility
The marginal standing facility is a lending facility provided by banks to their customers as a source of overdraft protection. It is used to cover any overdraft fees that might arise due to inadequate funds in the customer’s account. Here are the key points about marginal standing facility in Indian banking: Purpose: To provide safety […]
Debit Balance
Debit Balance A debit balance occurs when the total debits to an account exceed the total credits, resulting in a negative account balance. Causes of a Debit Balance: Overdrafting a check or electronic transfer Making a purchase that exceeds the available balance Borrowings not repaid on time Fees charged to the account Errors in bookkeeping […]
Voucher
Definition: A voucher is a document that authorises a recipient to claim a benefit or special offer. It typically contains a unique code or serial number that is redeemed against the offer. Types of Vouchers: Retail vouchers: Offer discounts or benefits at specific retail stores. Restaurant vouchers: Provide discounts or free meals at restaurants. Entertainment […]
Credit Limit
Definition: A credit limit is the maximum amount of money that a credit card issuer is willing to lend to a cardholder. It is generally expressed in dollars and is typically established at the time of account opening. Purpose: Determines credit utilization ratio: The credit utilization ratio is the amount of credit used compared to […]
Income Fund
Income Fund An income fund is a type of mutual fund that primarily invests in income-producing assets such as bonds, government securities, and other debt instruments. The primary goal of an income fund is to generate a steady stream of income for investors, rather than capital appreciation. Types of Income Funds: Bond Funds: Invest primarily […]
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