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Surety

Sure, here is the definition of the word “surety”: Surety: A person who guarantees or pledges to pay a debt or perform a duty on behalf of another person. Here is an example sentence: The bank required a surety bond for the contractor to ensure that the job would be completed on time.

1 min read

Lien

A lien is a legal charge on a person’s property that secures payment or performance of a debt or other obligation. Lien can be: 1. Security Lien: Creates a security interest in collateral for a loan.2. Mechanics Lien: Ensures payment for auto repairs from mechanics.3. Purchase Money Lien: Holds funds until a purchase is complete.4. […]

1 min read

Net Interest Margin

Net interest margin is a measure of a bank’s profitability and is calculated by dividing the difference between interest income and interest expense by total assets. It is a key metric used to assess a bank’s ability to generate returns on its investments. Formula: Net Interest Margin = (Interest Income – Interest Expense) / Total […]

3 mins read

Lease

Sure, here’s the definition of lease: Lease: A legal agreement between two parties, called lessor and lessee, where the lessor grants the lessee the right to use an asset for a specified period in exchange for regular payments. Here are the key points about a lease agreement: Lessor: The owner of the asset who grants […]

1 min read

Solvency

Solvency refers to a company’s ability to meet its current liabilities and long-term obligations on time and in full. It measures its liquidity, which is its capacity to meet financial obligations when they become due. Here are the key aspects of solvency: Solvency Ratios:* Current Ratio: Measures the company’s ability to meet current liabilities in […]

2 mins read

Debit Note

A debit note is a document that records a debt owed by a customer to a business. It is typically issued when a customer makes a purchase on credit and is used to track the payment due date. Here are some of the key points regarding debit notes: Essentially: A debit note is a demand […]

1 min read

Netting

Netting Netting is a technique used to catch or enclose animals or objects using a mesh of netting material. The mesh size and strength are typically tailored to the specific object or animal being captured. Types of Netting: Mesh netting: Made of interwoven strands or wires, with openings or meshes of a specific size. Block […]

1 min read

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