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Credit Card – is Magic Wand of today’s world which fulfills all your shopping needs in no time! Yes, though there are terms & conditions applied. Interest is the cost that is attached with this magic wand usage depending upon the frequency and limit utilized. But if you have enough cash then which payment mode …
We have a different set of clothes for different situations. Example- vibrant color clothes for birthday parties, whereas subtle clothes for someone’s funeral. Nightdress while going to bed whereas formal dress in the office. Similarly, there are different types of Share Capital suited for specific purposes. For easy remembrance-Mnemonic will be AISCPEP– “Awesome Ice shake …
When you earn money, then part of that money goes into paying your monthly rent, buying groceries, paying utility bills, traveling, for personal expenses, etc. Whatever remains if any becomes your saving. The same vicious cycle continues, where you collect money from a source and allocate it amongst different resources. In this process, you tend …
Read moreIndian Financial System evolution and functions explained in simple way
In Need of a loan? Want to get an assured loan quickly and easily? Then try offering secured collateral to the banks and get loans processed with a 90% guarantee. There are different types of collateral in secured form. Collateral is basically an assurance in the form of any asset which is of value to …
Let’s understand the concepts of Financial Markets and Institutions in detail. The structure of Financial markets and Institutions can help you understand how it works, differences in structure, and lots more. Formal and Informal Financial System As we all know the difference between a Parent’s Teacher Meeting and a Birthday party, same applies to the …
Read moreFinancial Markets and Institutions with comparisons
Consider you giving your car to your bestie with checklists to take care of. It may include To-Do List like keeping a petrol tank full, obeying traffic rules (positive debt covenants). It may also include a Not To Do list like No rash driving, No drink & drive (negative debt covenants). Similarly, a Debt or …
Imagine the House you own, or your parents own which will pass on to you in the future. If you decide to sell it today, it will fetch you money in return. Therefore that house becomes your Financial assets. The asset is something valuable that can fetch you money in return or gives you benefits. …