Personal Finance
Country Limit
Definition: Country limit is a limit that applies to a country, rather than a specific number or point. It refers to a limit that applies to a country’s population, economic growth, or other characteristics. Examples: Population limit: A country may have a limit on its population growth to prevent overpopulation. Economic growth limit: A country […]
Expired Card
Definition: An expired card is a payment card that has reached its maximum validity period and can no longer be used for transactions. The expiration date is typically printed on the front of the card. Causes: Card expiration: Cards expire at a specific date, usually printed on the card. Card damage: Damage to the card, […]
Permanent Account Number รยย Pan
The Permanent Account Number (PAN) is a unique 9-digit number assigned to each Indian citizen by the Income Tax Authorities. It is used to track and identify taxpayers and is required to be quoted on various documents, including tax returns, bank statements, and invoices. Format: The PAN is a 9-digit number in the format XXXXXXXXXX, […]
Average Daily Balance Method
The average daily balance method calculates average daily balance for a loan account by taking the sum of all the daily balances in a particular month and dividing the sum by the number of days in the month. Formula: Average daily balance = Total balance for the month / Number of days in the month […]
Perfect Title
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Credit Card Funding
In the context of credit card funding, there are various aspects to consider: Types of Credit Card Funding: Personal Loans: Many issuers offer personal loans specifically designed for credit card funding. These loans often have lower rates than traditional personal loans and are specifically targeted at credit card issuers. Line of Credit: Some issuers offer […]
Cheque Truncation
Cheque Truncation Cheque truncation is the process of stopping payment on a cheque before it is presented to the bank. This can be done by the payee (the person who wrote the cheque) or by the payer (the person who signed the cheque). Reasons for Cheque Truncation: Fraud: If the cheque is stolen or used […]
Cramming
Cramming Cramming is a study technique that involves intensely focusing on a large amount of information in a short amount of time. It is often employed by students before exams or when there is a need to quickly learn a vast amount of information. Methods of Crammming: Rapid reading: Skimming through text quickly to grasp […]
Spoofing
Spoofing is the act of manipulating network traffic in such a way as to deceive a computer user or network device. It involves disguising the source of a message or signal to appear to be from a different source. Spoofing can be used for a variety of purposes, including: Types of Spoofing: IP spoofing: Modifies […]
Credit Agency
A credit agency, also known as a credit bureau, is a company that collects and analyzes information about your credit history. This information includes your payment history, credit accounts, and any debts you have. Credit agencies use this information to issue credit reports, which are used by lenders and other businesses to evaluate your credit […]
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