A bank issues a bank draft when one of its depositors requests one using the following steps. First, the bank checks to depositor’s account to make sure the funds are available for transfer. After the funds have been validated, the bank transf... Read more
Nominal interest rates are the stated rates a bank shows to its consumers. However, that rate is not the one that the consumer usually pays. Instead, the consumer pays an effective interest rate, that varies with compounding adjustments and charged... Read more
In the world of finance, an individual or entity is delinquent upon failure to make contractually obligated debt payments in a regular, timely manner. Your credit score takes a hit when you are delinquent on your loans, and of course, if you go into... Read more
This means that Ron has $150,000 of profits left over after all of the cost of goods sold and operating expenses have been paid for the year. This $150,000 left over is available to pay interest, taxes, investors, or pay down debt. The EBIT formula... Read more
It's important to develop a clear communication strategy for staying in touch with them and empowering them to continue to support your brand, even though it could be years before they see any financial returns. The perks of having several investors... Read more
For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise ca... Read more
This can reduce interest costs, make your payments more manageable or shorten the payoff period. Generally, a debt consolidation loan is a good idea if you can pay off the new debt, you have a high credit score to get good rates and you like the sta... Read more
This law restricts how much of an employee’s wages can be garnished per week and prevents you from firing an employee if his or her pay is garnished for any one debt. Employees pay Social Security tax at a rate of 6.2% with a wage-based contri... Read more
Which cannot be used to provide an equity return but has to go somewhere. Many countries offer some form of government-backed guarantee covering loans to entrepreneurial firms. Under such programs, the government guarantees a share of a qualified lo... Read more
The financial crisis of 2007–2008, like many previous financial crises, was blamed in part on "excessive leverage". Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years. Investopedia req... Read more