Business

Current Account It is one of the kinds of banking account from which money can be withdrawn at any time without any prior notice, as…

Cum-Dividend Cum-Dividend is means with dividend, i.e. any person buying shares of stock of an issuer before ex-dividend date is entitled to the dividends declared…

An intangible asset is an asset that lacks physical substance; in contrast to physical assets, such as machinery and buildings, and financial assets such as…

Liquidator’s statement of account of the winding-up is prepared for the period starting from the commencement of winding up to the close of winding up.…

Credit Note is a receipt given by a shop to a customer who has returned goods, which can be offset against future purchases. It is…

Adverse selection occurs when there’s a lack of symmetric information prior to a deal between a buyer and a seller. In economics, insurance, and risk…

Concept of Liquidator’s Final Statement The liquidator is required to prepare an account of winding up known as Liquidator’sFinal Statement of Account after the affairs…

Cognitive assets are tangible and intangible organizational assets that constitute sources of the cognition that is necessary for action coordination. These are an asset is…

Community Rating is a rule that prevents health insurers from varying premiums within a geographic area based on age, gender, health status or other factors.…

Corner The term ‘corner’ is used in the commercial world. In investing or trading, a corner is an act of one entity obtaining controlling interest…

An agency cost is an internal expense that comes from an agent taking action on behalf of a principal. It is an economic concept concerning…

Contraband Contraband refers to property that is illegal to possess or transport. A Goods banned for export or import are called contraband. It is the…