Thursday, 2 February 2012
What is Buy Back
The buying back by a company of its shares from an investor who put venture capital up for the formation of a company
What is budget deficit
An excess of government expenditure over government income which must be financed either by borrowing or by printing more money
What is budget
A financial statement prepared prior to a specific accounting peroid, containing the plans and policies to be pursued during that period
What is budget
A financial statement prepared prior to a specific accounting peroid, containing the plans and policies to be pursued during that period
Wednesday, 1 February 2012
Who is a Broker
An agent who brings two parties together enabling them to enter into a contract to which the broker is not a principal
What is bill of landing
A document acknowledging the shipment of a consignor`s goods for carriage by sea
What is bank loan
A specific sum of money lent by a bank to a customer usually for a specific time at a specific rate of interest
What is Bill of Exchange
An unconditional order in writing addressed by one person (the drawer) to another(the drawee) and signed by the person giving its reguiring the drawee to pay an demand or at a fixed or determined future time a specified sum of money to or to the order of a specified person(the payee)
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