Business

The transfer of ownership, property, or business from the government to the private sector is termed privatization. It can mean different things including moving something…

A building society is a financial institution owned by its members as a mutual organization. It is a financial organization that pays interest on investments…

Fiat money is a currency established as money, often by government regulation, but that has no intrinsic value. It is inconvertible paper money made legal…

Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. It is…

A cryptocurrency is a form of payment that can be exchanged online for goods and services. It is a digital currency in which encryption techniques…

Unadjusted Trial Balance – An unadjusted trial balance is what we get when we calculate account balances for each individual account in our books over…

Negative interest rates occur when borrowers are credited interest rather than paying interest to lenders. Under a negative rate policy, financial institutions are required to…

Interest rate risk is the potential for investment losses that result from a change in interest rates. It is the probability of a decline in…

Trial Balance – Trial Balance is a statement that lists all the balances of the Real, Personal, and Nominal Account irrespective of Capital or Revenue…

Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint-stock company. It is a situation in…

MIRR – The modified internal rate of return (commonly denoted as MIRR) is a financial measure of an investment’s attractiveness. It is used in capital…

A mutual savings bank (MSB) is a type of financial institution that functions much like a bank, but with a different ownership structure. It is a…