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Telegraphic Transfer (Tt)

Telegraphic Transfer (TT) Telegraphic transfer (TT) is a type of money transfer initiated through a telegraphic message. It is a fast and secure way to transfer funds between banks worldwide. Process: Initiation: The sender initiates the transfer by providing the recipient’s bank details, the amount to be transferred, and any optional instructions. Message Transmission: A […]

2 mins read

Credit Reference

Definition: A credit reference is a report prepared by a credit reporting agency (CRA) that summarizes an individual’s credit history. It typically includes information about an individual’s payment history, credit balances, and any open or closed credit accounts. Key Components: Payment history: Records of payments made on time, late, or in default. Credit balances: Current […]

2 mins read

Credit Utilization Ratio

Credit Utilization Ratio (CUR) The credit utilization ratio (CUR) is a key credit score factor that measures the percentage of your available credit that you are actually using. It’s calculated by dividing your total revolving credit utilization (the total amount you’re borrowing on credit cards and other revolving credit accounts) by your total credit limit. […]

1 min read

Found Money

Found Money Protocol Step 1: Locate the Owner Check nearby areas for any identification or clues that may lead you to the owner. Inspect the item for any distinguishing features or Serial numbers. If the item has any identifiable information, such as a name or address, try to find the owner using that information. Step […]

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Idv, Insured Declared Value

The IDV insured declared value is a key concept in the insurance industry, specifically for motor vehicles. It refers to the declared value of the insured vehicle at the time of insurance purchase. Here’s a breakdown of the terms: IDV (Insured Declared Value): This is the value you declare for your vehicle when you initially […]

2 mins read

Home

The word “home” is a powerful and multifaceted word. It evokes a sense of belonging, safety, stability, and comfort. It is a physical space where we reside, but also a metaphorical space within ourselves and within our hearts. Physical Home:– A place of shelter and refuge.- A physical structure where we live.- A place where […]

1 min read

Account Inquiry

Sure, here’s what an account inquiry might mean: Account Inquiry Definition: An account inquiry is a request for information about a specific account, typically a financial account, made by a customer or account holder. It involves inquiries about various aspects of the account, such as its balance, transactions, account history, statements, and any other relevant […]

1 min read

Cyber Monday

Cyber Monday was this past Monday, November 28th, 2023. It was the busiest shopping day of the year in the US for online purchases, with estimated spending reaching nearly $11 billion. Here’s a quick rundown of the key highlights: Overall: Total spending: $10.73 billion, an increase of 5.2% from last year. Mobile traffic: 56% of […]

1 min read

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