What is a withdrawal account?

A withdrawal account, also called a capital account, is a special type of bank account used in small businesses. This account type is basically a record account type for tracking withdrawals. The balance of a withdrawal account is often placed in a separate account at the end of a year to give the withdrawal account […]

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What is a Wealth Analyst?

A wealth analyst is a person who analyzes a company’s financial data and trends. An equity or financial analyst studies the public records of companies to predict the company’s future financial needs. The analyst writes reports on the company’s finances and describes the investment potential of the business by assigning financial ratings such as buy, […]

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What is a virtual credit card?

A virtual credit card, also known as a disposable or temporary credit card, is a disposable payment card used for one-time purchases on the Internet. Consists of a single-use credit card number generated by the credit card issuer. In most cases, virtual credit card numbers can only be used once and expire after about a […]

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What is a weighted average rating factor?

A weighted average rating factor is a method of calculating and communicating the overall risk of an investment portfolio. It is most commonly associated with secured debt obligations. The weighted average rating factor takes into account each individual asset in the portfolio, but emphasizes it based on the relative proportion of the portfolio comprised of […]

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What is a turnover rate?

Trading volume is a process of measuring the number of times shares are sold within a specified period of time. Generally, a turnover rate is calculated to cover a calendar year or a period of twelve consecutive months. The same formula can be used to evaluate shorter or longer time periods. A turnover ratio is […]

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What is a virtual bank account?

A virtual bank account is a type of bank account that exists only online. Most banks offer some sort of online banking service, but true virtual banks often do not have physical branches or ATMs. With a virtual bank account, most transactions take place over the Internet. Many types of bank accounts can be virtual, […]

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What is a trust receipt?

A trust receipt is a legal document written between a bank and a person borrowing from that bank. The deposit slip states that the bank will deliver the goods to the borrower, but will still retain ownership of the goods and may repossess the goods if the buyer fails to comply with the terms decided […]

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What is a Usage Letter of Credit?

A usage letter of credit is a financial instrument that sets out the terms and conditions for paying off a debt at a specific date in the future. Typically, the terms and conditions found in the letter of credit cover details such as the payment method used to settle the debt, the total amount due […]

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What is a turnover tax?

A turnover tax is a tax levied on a product at a specific stage of production, rather than at the point of sale, as is the case with sales taxes. In some regions, this type of tax is interchangeable with a value-added tax (VAT), while in others, the tax can be applied as a cascading […]

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What is a trust deed note?

A trust deed is the instrument by which a lender secures a particular loan, usually a mortgage loan. If the loan is in default, the lender can present this note and proceed with foreclosure on the home. Without this note, a lender would not be able to execute foreclosure without court proceedings, making it an […]

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What is a trust deed?

To understand the concept of trust deed, it is important to have a clear idea of ​​what it means to function as a trustee. Here is some background on the role of fiduciary empowerment and how it can translate into issuance of a trust deed. Essentially, a trustee is an individual who has been authorized […]

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What is a treasury bond?

A Treasury bond is a debt instrument issued by the United States Treasury. The treasury raises money that can be used to run the US government through the sale of bonds and other financial securities and provides incentives for citizens to buy these bonds to ensure they have funds when they need them. When buying […]

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