Personal Finance
Cif Number Means
CIF number stands for Clearing and Interbank Identification Number. It is a unique 9-digit number used to identify banks and other financial institutions in India.
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: Advantages: Disadvantages: Common Uses: Additional Notes: FAQs
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 […]
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. […]
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 […]
Net Premiums Written To Policyholder Surplus
Net premiums written to policyholder surplus are an accounting measure that calculates the difference between the premiums collected by an insurance company and the claims paid to policyholders. It is used to measure the company’s ability to generate surplus funds. The formula for net premiums written to policyholder surplus is as follows: Net premiums written […]
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 […]
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 […]
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 […]
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 […]
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