Bank

This category covers anything related to bank including bank terminology, credit bard, loan.

Letter of Credit Finance: 10 Types With Detail Explanation

Introduction The financial relationship between buyer and seller is developed on the foundation of trust. To build a long term business interconnection payment guarantee is essential.  To make sure the payment transaction smoothly works between parties’ letter of financial credit plays an integral role. Definition In international trading, the banks provide a guaranteeing letter that …

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Different Types of Student Loans: 2 Types and A Student Loan That Suits You

Types of Student Loans Students generally have two options available when it comes to the selection of loans for their assistance in bearing their school and college expenses i-e federal student loans and private student loans. 1) Federal student loans They are also known by the name of government loans. It helps the students and …

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Letter of Credit Vs. Line of Credit: What are the key differences?

Financial institutions provide many types of facilities to businesses. Among these facilities are the letter of credit and line of credit. While the names may sound similar, they are different facilities. Both of them have different structures. Similarly, businesses use them for different purposes. They also span over different lengths of time. Businesses must know …

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TYPES OF PERSONAL LOANS – THESE ARE THE OPTIONS YOU HAVE

Personal loans are loans obtained for different short-term reasons. These reasons are generally more personal such as emergencies. Financial institutions provide personal loans for short to medium term use. Personal loans come with many advantages which may make them favourable for certain individuals. For example, they come with easy and flexible repayment schedules. On the …

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Letter of Credit – Definition, Types, and Examples

Introduction Modern-day trade involves global integration as a result of digitalization, and globalization. With global trade reaching new heights with every passing day, it is imperative that associated transactions are also likely to increase as a result of this. With considerable transactions, there is also an added responsibility to ensure that organizations are able to …

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