8 Difference Between Bill of Exchange and Promissory Note
What is Promissory Note? Section 4 of the Act defines, “A promissory note is an instrument in writing (note being…
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20 June 2023
Bank: Meaning, 7 Types, 5 Principles, Services of Commercial Banks
What is a Bank? A bank is an institution that accepts deposits of money from the public which is withdrawable…
19 June 2023
11 Types of Insurance
Types of Insurance We can categorize types of insurance into three bases of types of insurance: 1. On the Basis…
19 June 2023
20 Characteristics of Insurance
Characteristics of Insurance Insurance is a complex financial product with numerous characteristics that define its nature and operation. Here are…
18 June 2023
Insurance: Meaning, Definition, 5 Characteristics, Nature, Functions, Limitations
What is Insurance? Insurance is a contract whereby one person, called the insurer, undertakes in return for the agreed consideration…
18 June 2023
11 New Financial Products and Services
What are Financial Products? Today, the importance of financial services is gaining momentum all over the world. In these days…
18 June 2023
Currency Options: 8 Features, Factors Affecting
What are Currency Options? With the opening and integration of capital markets worldwide, the free flow of foreign currency from…
18 June 2023
What is Option Payoff? Meaning
What is Option Payoff? The optionality characteristic of options results in a non-linear payoff for options. In simple words, it…
17 June 2023
Options: Meaning, Features, Types, Valuation, Difference
What are Options? Option may be defined as a contract between two parties where one gives the other the right…
17 June 2023
Swap Market: Features, Rationale Behind Swapping
What is Swap? The dictionary meaning of ‘swap’ is to exchange something for another. Like other financial derivatives, a swap…
17 June 2023
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