Personal Finance
Account History
An account history is a record of all the activities that have occurred with a specific account, such as a bank account, a credit card account, or a stock account. It typically includes the following information for each transaction: Date: The date of the transaction. Time: The time of the transaction. Description: A description of […]
Finality Of Payment
Finality of Payment The finality of payment is a concept that determines whether a payment is considered final and irreversible. It has legal implications in various situations, particularly in contracts and commerce. Factors Affecting Finality of Payment: Contractual Terms: The finality of payment is determined by the specific terms of the contract between the parties. […]
Receiver
Sure, here is the definition of the word “receiver”: Receiver:A person or organization that receives something (such as information, money, or goods) from someone else. Here are some examples of the word “receiver”: The receiver of the letter will be the person who addressed it. The government is the receiver of taxes. The patient is […]
Portable Benefits
Portable Benefits: Sharing Your Coverage on the Go Several portable benefits options exist in the US, allowing individuals to share their health insurance coverage with family members or dependents while traveling. These benefits extend coverage to a wider range of individuals compared to primary care physician (PCP) coverage in many countries. Here are some of […]
Fcnr – Fcnr Full Form, Fcnr Account
Sure, the full form of FCNR is Financial Control Number Register. FCNR is a unique ten-digit number assigned to each individual account holder in India by the Reserve Bank of India (RBI). It is used to track and monitor financial transactions across different banks.
Payment Gateway
Definition: A payment gateway is a software that allows businesses to accept payments electronically through various payment methods, such as credit/debit cards, e-wallets, and mobile payments. It acts as an intermediary between the business and the payment processor, facilitating secure and seamless payment processing. Key Features: Payment Processing: Enables businesses to accept payments from multiple […]
White Collar Crime
Definition: White-collar crime, also known as nonviolent crime, is a type of crime that involves deception and violation of laws related to business and financial transactions rather than violence. It encompasses a wide range of offenses, including: Types of White-collar Crimes: Fraud: Misappropriation of funds through deception, such as Ponzi schemes, embezzlement, and securities fraud. […]
Basic Credit Card
Definition: A basic credit card is a type of credit card that offers a low or no annual fee, basic rewards or cash back, and limited benefits. Key Features: Low or No Annual Fee: Basic credit cards typically have a low or no annual fee, making them affordable for those with lower credit scores or […]
Preferred Provider Organization (Ppo)
Preferred Provider Organization (PPO) A Preferred Provider Organization (PPO) is a health insurance plan that offers a network of preferred healthcare providers at lower costs than traditional fee-for-service plans. Key Features of PPO Plans: Network of Preferred Providers: PPO plans offer a network of healthcare providers who have agreed to offer services at lower prices. […]
Financial Quota Share
A financial quota share is a percentage of a company’s voting stock that is reserved for a particular shareholder or group of shareholders. It is a type of long-term security agreement that grants the holder the right to vote at shareholder meetings and to receive dividends. Key points: Financial quota share: A percentage of a […]
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