Sources of Credit
Credit and Sources of Credit: MeaningCredit is an arrangement between two parties wherein one party receives a certain sum of money or an item… Read Article
Sources of Working Capital
How do Factoring Companies Work?
The term factoring in finance stands for the act of buying a company’s rights to collect payments from its debtors or accounts receivables and… Read Article
Working Capital vs. Term Loan – All You Need to Know
Businesses and loans are almost inseparable. Almost every business requires a loan, be it for expansion or to run operations smoothly. Different options are… Read Article
Swingline Loan – Meaning, Example, Benefits, and More
A Swingline loan is a type of loan that helps the lender to pay the existing debt or loan. It is a large amount… Read Article
Time Draft vs. Sight Draft
Meaning and Similarities of Time Draft and Sight DraftTime Draft and Sight Draft are financial instruments primarily used in international trade. Both the instruments… Read Article
Sight Draft
Meaning of Sight DraftSight Draft is a financial instrument that is payable when it is presented, similar to a cheque. It is the most… Read Article
Time Draft
Meaning of Time DraftTime Draft is a document acknowledging a promise to make a payment after a specific period. It is usually used in… Read Article
Trade Acceptance
Meaning of Trade AcceptanceTrade Acceptance refers to a contractual obligation acknowledging the existence of a debt. It is a time draft or bill of… Read Article
Trade Debt
Meaning and Definition of Trade DebtTrade Debt is defined as the money payable by a Company to its supplier for goods or services received… Read Article
Balloon Payment
Definition of Balloon PaymentA balloon payment is defined as a significantly large amount of payment made at the end of the loan tenure. Most… Read Article
Bankers Acceptance – Meaning, History And More
Bankers Acceptance (BA) is a short-term money market instrument that comes in handy in international trade. It helps to eliminate the payment risk in… Read Article