LC Payment Terms
Meaning of Letter of Credit A letter of credit is a written undertaking by the buyer or the buyer’s bank known as the issuing bank to pay a certain …
Advance and Maturity Factoring
Meaning of Factoring Factoring is a financial service used for raising funds in the business whereby the business entity sells all of its bills receivable to an outside agency …
Conglomerate Merger
Meaning of Merger Merger is a process in which two or more existing companies voluntarily combine together to function as one new company. A new company comes into existence …
Bills Payable
Meaning of Bills Payable Bills Payable is a liability document which shows the indebtedness of an individual, an organization, a bank, etc. When an individual or an organization makes …
Discounted Payback Period
Definition of Discounted Payback Period Discounted payback period is a capital budgeting method used to calculate the time period a project will take to break even and recover the …
Break Even Point
Break-Even Point Definition Break-even point is the level of production where the total revenues and total expenses of the company are equal. At the break-even point, the revenue of …
Lessor and Lessee
Lessor and Lessee are two parties to a lease agreement. An agreement or a contract by which the owner (lessor) of a specified asset grants permission to another party …
Advantages and Disadvantages of Title Loans
As millions of Americans struggle to make sense of this new economic climate, there has been a great deal of discussion in the media about lending solutions. Some of …
Inventory Management Techniques
Meaning of Inventory Management Inventory Management is a practice of tracking and controlling the inventory orders, its usage and storage along with the management of finished goods that are …
Recourse and Non-Recourse Factoring
Definition of Factoring Factoring is a financial service in which the business entity sells its bill receivables to a third party at a discount in order to raise funds. …