Introduction Debt refers to borrowings made by a party to finance their needs with a condition of repaying the principal amount along with interest after an agreed period. There are two distinct forms of debt, namely, consumer debt and corporate debt. Any borrowings made by a private group or class of people is termed as consumer debt. Government, private entities, and any other businesses don’t fall under the umbrella of consumer debt. Some of the consumer debt forms include credit cards, mortgages, personal loans, day loans, etc. For almost all types of loans, the consumer borrows a sum ... Read More

Introduction Innovation is a never-ending process, especially in the world of finance. You get to see new technologies opening doors to new financial products, resulting in a new channel. Today, we have an array of credit card options to choose from, but you might not have heard about some of them. If you would have known that a certain card like this is available in the market, then your task would have been finished in a much less time. So, it’s crucial for every user to be abreast of the developments in the credit landscape to get your ... Read More

Introduction Proper cash flow is very important for any organization to run its business operations smoothly and efficiently. Big multinational corporations face cash flow problems more often because of multiple reasons like inefficient sales, low profitability, investment in diverse businesses, high debts, etc. No company wants to witness negative cash flow that puts their business in peril or risk. Now, to be on the top of the game, it’s crucial for a company to have a positive cash flow, resulting in healthy long-term growth. So, how long does a company take to reach the cash flow position? Define ... Read More

Introduction Every business need funds for expansion purposes like opening a new facility, or buying high-end machineries, or anything for that matter. The favourable yet a legit source to get funds is from a bank or a financial institution. Fig 1: Commercial Loan This kind of credit lending is referred to as a commercial loan. Also known as business loan, this debt facility is granted to businesses to meet their specific financing needs and facilitate their day-to-day activities. Let’s take a look at their types, pros and cons, and other particulars in here. Explained: Commercial Loan A commercial ... Read More

Introduction There are numerous talented and artistic minds with crafty skills out there in this world. Woefully, most go unnoticed due to lack of proper talent supporting and monetization platforms. As they say, where there’s a will, there’s a way - the internet has created just that. It helped creators to showcase their works online in the form of pics and videos. But the sad truth is that you don’t have rights on what you post or share on the internet. The content or the data you post can be used by anyone. Since it’s a free public ... Read More

Introduction The level of risk differs for everyone as it depends on various activities conducted by the business or person. So, whether you are an individual or organization, you have to learn about the risks linked to your regular dealings. Since risk is something that’s uncertain, knowing how to encounter it upon happening aids you to be a step ahead in the game. Risks are two types, namely, systematic and unsystematic. The former type of risk cannot be unavoidable, as it’s inherent in nature impacts the entire market on a whole, including geographically and economically. Some of the ... Read More

Introduction The payment system in the banking world has seen a huge transformation over the past few years. The rise in technological advancements gave rise to new financial applications, enabling the processing much smoother and convenient. These digital tools reduced the need for carrying cash to any external locations. Thanks to smartphones, it has facilitated transactions virtually anywhere via the internet. This kind of framework led to the origin of e-wallets in the financial space, enhancing the access to multiple financial resources. So, what exactly are these wallets? Are they a game-changer in the payment platforms? Define ... Read More

A better way to build a future is by saving well today. But this won’t happen if you keep your hard cash lying idle in your lockers instead of somewhere else, say, a bank, where you can earn some additional money in the form of interest. To harness this situation, banks came up with checking accounts - one stop solution for your money parking problems. Although you have a salary or a personal savings account, you can still open a checking account and manage your finances. As the tutorial narrates about the checking account, what exactly is it? And ... Read More

Introduction Every bank has a separate headquarters, a physical setup to run its business operations, and individual branches disseminated at distinct locations across the world. Initially, the banking system started offline until fintech models swept off our feet with its quirky traits. Though new banking systems like digital banking and mobile banking garnered enough attention in the financial space, traditional banking is still considered a safe line for many. What is traditional banking? Traditional banking refers to the process of carrying financial transactions at offline bank branches, either depositing or withdrawing funds from your respective accounts. This system allows ... Read More

Introduction The best way to up your finance game is by keeping track of your account balances frequently. This will help you to understand and compare all your cash flows, giving you the full picture of your financial standings in the current year as opposed to last year. As people have authority of their funds lying in their accounts, they can withdraw anytime. So, banks came up with minimum balance requirements to encourage people to save right. Besides, these entities endure through a lot of expenses such as overheads, ATM services, customer services, account maintenance charges, and other ... Read More