Business

Letter of Credit (LC) is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for…

Program (or Project) Evaluation and Review Technique (PERT) – PERT is an acronym for Program (Project) Evaluation and Review Technique, in which planning, scheduling, organizing,…

A mutual company is a private firm that is owned by its customers or policyholders. A mutual insurance company is an insurance company owned entirely…

Co-operative banks are the banks whose main objective is to provide financial assistance to economically weaker sections of the society. Cooperative banking is retail and…

Net Present Value (NPV) is one of the discounted cash flow techniques used in capital budgeting to determine the viability of a project or an…

A mutual organization (or mutual society) is a company or business owned by a group of members who are stockholders in the company. It is…

Liquidity risk is the risk that a company or bank may be unable to meet short term financial demands. It is a financial risk that…

Letter of Application A letter that offers to the company for subscription to its capital is called a letter of application. The letter of application,…

Net Present Value (NPV) – Net present value (NPV) is an investment measure that tells an investor whether the investment is achieving a target yield…

Financial repression is a term that describes measures by which governments channel funds from the private sector to themselves as a form of debt reduction.…

Letter of Allotment It refers to a letter that intimates the share applicants the fact that they have been allotted shares. It is a letter…

Definition of Journal – The journal is the regular book to maintain daily transactions which are recorded for the first time when the transaction occurs.…