Finance charge A finance charge is any extra money or fees over the principal that the borrower has to pay to the lender. Types of financial charges along with examples: This can be in the form of interest, transaction fee, origination fee, maintenance fee, or a late fee. Any fees incurred during a money lending …
Smart Personal Finance Management Tips As you start earning, you realize how important is financial management. Needless to say, it is a part of adulting. People learn it through trial and error. Here are some tips for financial management that you must start if you haven’t already. Emergency Fund If you are freshly employed, the first thing …
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Bitcoin cash Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. Unlike Bitcoin, Bitcoin cash has increased the block size, to increment the transactions to be processed and improve scalability. After its creation, Bitcoin cash got a drastic growth which helped it to become the 3rd most successful cryptocurrency over a short …
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Bitcoin gold Bitcoin Gold is a hard fork of the original Bitcoin brought by Jack Liao in the year 2017. If you want to learn about a hard fork, check out this article linked at the end of the article. It gives you a detailed idea about what is a hard fork. There is a total supply …
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Bitcoin is a scarce resource like gold. A total of only 21 million bitcoins can be mined. Hence the price of one single Bitcoin is as high as $19,237, which when converted to rupees amounts to a whopping Rs. 15,19,290. Most people cannot afford to buy one single bitcoin by themselves. Also, most people would …
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Financial Health Financial health is a crucial parameter that determines the quality of your life. Let us have a look at certain determinants that encompass your financial health. Basic Pay Is your basic pay enough to fulfill your daily requirements? If you do not worry about, what would you have for nourishment or what would …
Financial economics Financial Economics is a field of study where finance and economics are combined to help the investors in making informed decisions regarding investments. However, this is essentially a branch of economics. This branch of economics is mostly concerned with monetary activities and investment decisions. Financial economics analyses the use and distribution of resources …
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Financial Engineering Finance and engineering (Financial Engineering) in the same term! Now that sounds out of place and intimidating at the same time. How do these two disciplines collab to form this term – financial engineering. Financial engineering uses mathematical tools and concepts to provide solutions to complex financial problems. What else does it help …
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Financial Exposure Mr. Adonis has sold a Michael Kors designer bag to Mr. Jeffery worth $900. Mr. Jeffery made a payment of $600 at the time of the sale and promised to pay the balance of $300 after 3 months from the sale date. Here we see a case of partly credit sale(Financial Exposure). Mr. …
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Everyone seems to be earning through the stock market. Why should you be left behind in the wave? Here is a beginner-friendly roadmap to get you started with mutual funds. Earlier, people had no option, but to seek help from intermediaries like banks and stockbrokers. Needless to say, a good amount went away as the …
Financial guarantee Aditya, a 21-year-old Indian guy wants to pursue an MBA degree from the University of Chicago. He comes from a middle-class family. The income of his parents is not enough. They cannot start to reimburse Aditya’s academic and living expenses immediately. So, what option does Aditya have? He could go to a bank …
A financial crisis can manifest in many ways. There is no one particular reason why a financial crisis takes place. There is always a myriad of reasons behind it. Usually, situations like a steep fall in the value of an asset; companies, investors, and consumers not being able to fulfill their obligations, and a rise …
To understand a financial account, let’s first have an idea of the Balance of Payments (BOP) of a country. A BOP is a systematic record of all the economic transactions between the domestic country and the foreign countries during a given period. A financial account is a part of that Balance of Payments. This is …
Now a day, Investing in small or big mutual funds could not be easier than this. Here are the top 4 greatest easy ways in which you can also invest in mutual funds online. AMC – Mutual funds Mutual funds are originally managed by Asset Management Companies. Investing through AMCs means that you are directly …
Financial Asset On hearing the word asset, the first thing that pops up in our heads could be a car or a house. But what is a financial asset exactly? Financial assets are also assets that bring you value over time. The difference between a physical asset (e.g., real estate) and a financial asset lies …
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Financial analysis Financial analysis is a systematic method to evaluate the performance and the financial health of a company. Three core financial statements- Profit and Loss Statement, Balance Sheet, and Cash Flow Statement are used to conduct the financial analysis of a company. The financial data from these statements are converted into ratios and percentages. …
A very pursued work in the present day and time. Financial advisor- the job title sounds cool, doesn’t it? What do financial advisors exactly do? Financial advisor – Today, more and more people are concerned about their retirement plans and financial stability. About this, there is a requirement for monetary experts who can exhort and direct …
As an accounting student, you must have heard the term GAAP or Generally Accepted Accounting Principles. Ever wondered who came up with these principles? It is the FASB along with Governmental Accounting Standards Board (GASB) that has set these universally accepted principles. FASB (financial account standards board) is responsible for reforming and amending the financial …
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Introduction of financial institution A financial institution is a registered body that serves as an intermediary for the suppliers and demanders of money in various forms. As we know today, money is required as the capital in a business, as a housing loan, like savings, as insurance premium, etcetera. Thus, money is essential that we …
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In recent times, there has been a bombarding of mutual fund ads running across all types of media. Everyone seems to be telling that a mutual fund is a great investment option. But do you know how to pick the best mutual fund for yourself? If not, no worries. Sharing with you the top factors, …
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