ROI – Return on Investment is an important term that shows all the returns you receive from your investments. ROI is hugely beneficial in providing insight into various investments and zeroing in on what … READ FULL STORY
A home loan eligibility calculator is one of the simplest ways to determine loan eligibility. Lending institutions consider a number of factors, including monthly earnings, loan repayment tenure, other monthly income sources, any other … READ FULL STORY
A profit and loss (P&L) statement is a financial statement that summarises the revenues, costs, and expenses incurred by a company for a specified period, usually a quarter or fiscal year. An organisation’s ability … READ FULL STORY
Letters of Credit (LC) are payment mechanisms used in international trade in order to provide an exporter with an economic guarantee from a creditworthy bank. If the buyer and seller are unfamiliar with each … READ FULL STORY
What is an e-billing system? Electronic billing or e-billing is an electronic system, in which the billing and payment mode is online. E-billing represents a digitised version of a paper bill. The company sends … READ FULL STORY
Demand draft is one of the financial instruments, using which money can be transferred from one bank account to another. Demand draft is issued by a bank after taking the amount for which demand … READ FULL STORY
GIC full form GIC stands for Guaranteed Investment Certificate. A Canadian investment option, GIC is considered as one of the less risky investment options, when it comes to losing one’s principal amount. The reason … READ FULL STORY
Who is a Debtor? Any individual or organisation that owes money to another individual or an institution can be termed as a debtor. Financial debt incurred from a financial institution turns a debtor into … READ FULL STORY
What is muhurat trading? Muhurat trading is the trading activity in the Indian stock market that occurs in the evenings for an hour on Diwali. According to Indian tradition, Diwali is considered auspicious and … READ FULL STORY
Trading is the buying and selling of financial instruments to make a profit. These instruments range from a variety of assets that are assigned a financial value. Individuals aim to buy shares at a … READ FULL STORY
A Memorandum of Association (MoA) is a company’s charter. It is a legal document defining the objectives of the company and its relationship with shareholders. A company can only perform activities that are included … READ FULL STORY
Accrued income constitutes income that has been earned but not yet received. Mutual funds, amongst other assets that pay their shareholders only once a year, are, by definition, accruing their income. Many small scale, … READ FULL STORY
What is quota? A quota is a government-imposed trade restriction to limit the quantity or the monetary value of products that a country can import or export during a given period. Countries impose quotas … READ FULL STORY
