Have you ever wondered about the easily calculated profit of the company? Or do you know What Is Explicit Cost? How a company can calculate its business costs as well as profits. Well, here we will discuss What Is Explicit Cost? As well as explicit cost definition and What is explicit revenue? With Examples of …
Let us understand what is the relationship between credit and debt? Both credit and debt are quite opposite from one another. Where credit is how much amount you have borrowed, while debt is how much you owe? These two terms are so connected that they are usually used together as credit and debt related to …
Here we study what is a mortgage contingency? As well as some details which needed to be provided by the contingency. As well as Why is a mortgage contingency important and mortgage contingency expiration, waive mortgage contingency as well as mortgage contingency date vs closing date and the types of contingencies involved. So, let us …
In banking, do you know what is a minimum balance? Is it similar to the term minimum opening deposit? If not, then what does it mean? Do not worry if you can’t find the right answers to these questions. When I was new to banking, the same kind of questions came into my mind. Today, …
In real estate, do you know what is a wraparound mortgage? Is it a type of loan? New buyers like us may struggle to understand this term. We all know that there are several risks involved while purchasing any property. So, it’s necessary to know the financing option thoroughly before buying or selling the house. …
Do you know what is a remitter on a check? Are they the same as the payee? Relax! There are different types of checks designed for specific uses or needs. In fact, checks are a great alternative to cash, especially while traveling where cash would be a risky option. But today, we’ll focus on what …
Do you know what is dwelling insurance? Is it the same as home insurance? What does it cover? Relax, take a moment to refresh yourself! Financial institutes always offer their customers various insurance policies such as health insurance, vehicle insurance, and more. There is one more type of insurance termed dwelling insurance that most people …
Here we will know What Is Gross Revenue? And its formula as well as how can you calculate the gross revenue with an example. Where we will also discuss the difference between gross revenue and net revenue. What Is Gross Revenue?? The gross revenue denotes all the revenue a business earns before any deductions or …
Investments are of various kinds one such is debt funds. Do you know What is debt fund? Here, we will understand What is debt fund? As well as the Types of debt funds, what is a debt service fund? What is the purpose of a debt service fund? How to invest in debt funds? How …
We will know about What is the law of one price? As there exist different commodities with different prices in the market. So, here we will learn What is the law of one price? As well as the law of one price definition with the law of one price example, where we will also learn …