Terms of trade ( TOT ) refers to the relative price of exports in terms of imports and is defined as the ratio of export prices to import ...

The term 'feedback' means the return of the result or response of a particular communication from the receiver. Feedback is frequent...

A credit card is a small plastic card measuring about 85 mm by 54 mm bearing the name, date, computer number and specimen signature of the h...

Any general meeting convened in between two annual general meetings is called extra-ordinary meeting or extra-ordinary general meeting or em...

1. In the case of securities deposited with the banker for safe custody only, the banker is acting merely as a bailee, and has no lien over ...

The word memorandum shortly termed as 'memo' means taking note for future or any matter to be remembered. Indeed memo is one kind of...

Meaning of Budget Deficit: Budget deficit is a status of financial health in which expenditures exceed revenue. The term "budget defici...

The directors of a joint stock company are jointly known as the board of directors or the board. The administrative functions and policy pla...

1) The Banker should ensure that the company is incorporated by looking into the certificate of incorporation granted by the register of Joi...

The foreign exchange market is a global decentralized market for the trading of currencies. The main participants in this market are the l...