Letters of credit basics can help you go a long way toward starting the first international deal. Banks issue them on behalf of the purchaser of those goods or services. The letters of credit will state the maximum amount that the bank will pay to the seller. It also states other specific conditions terms and …
Letters of Credit: Exciting Details You Need To Know Read More
Risk management through insurance remains the most prudent of protection. Insurance protects people, property, and assets against the financial consequences of life’s uncertainties. Insurance companies have put in place different suits to cover diverse requirements of insurance consumers. This is what you need to know about if you know to start; You cannot eliminate risk, …
Unsecured loans are those that you are not required by the lender to provide any security for. A lot of people are in need of a loan, but find it difficult to choose secured vs unsecured loans. Secured loans are backed by collateral, while unsecured loans have no collateral and rely on your credit score. …
Unsecured Loans vs Secured Loans: Free Beginners Guide+5 Ways To Get Approved Read More
Commercial papers are types of short-term debt instruments businesses use to finance their operations. It’s essentially a promissory note, whereby the issuer promises to repay the principal and interest on the debt at a specific date in the future. The maturity date of commercial papers rarely exceeds 270 days. They are typically issued by large, …
Commercial Papers 101-Amazing basics you should not miss Read More
Commercial Loans are a type of loan available for businesses to borrow money. These loans are used to fund commercial activities, and the market determines interest and other fees applicable. A commercial loan will have the same stringent rules as some other types of loans. This is what you should know before applying for one. …
Trade Credit Insurance is an insurance policy that protects you against losses due to non-payment of your debtors. It can be a smart choice for companies who need protection from unexpected business risks, such as the sudden bankruptcy of one of their largest clients. This type of insurance can cover any number or type of …
Trade Credit Insurance: Valuable Basics and 5 Claimable Events Read More
Loans from banks for business can make the difference between achieving your goals or not. There are barriers to borrowing from banks that you must overcome before the banks give you that letter of offer. At first glance, it seems illogical why people with bad credit or no credit would be denied bank loans. However, …
Loans From Banks for Business: Strong Barriers You Must Avoid Read More
Trade Credit Terminologies can be confusing to understand. Yet, you must master them to fully benefit from trade credit insurance. Trade Credit Insurance is a policy bought by traders that sell on credit terms. It protects against losses from unpaid invoices, thereby avoiding cash flow problems that can occur when your customers default. Take responsibility …
Trade Credit Terminologies: 15 Terms You Must Master Read More
An IPO, or Initial Public Offering, is the first time a company offers its stock to the public. The first-ever recorded IPO was in 1602 by the Dutch East India Company. Just like how it sounds-an “IPO” stands for “Initial Public Offering.” Recently, we’ve seen some big IPOs from companies like Facebook and Amazon. If …
How do banks make money? Banks are an integral part of how the economy works. They are responsible for taking money from depositors and lending it to borrowers. The bank has a number of different ways that they make money, including fees for things like overdrafts or bounced checks. Banks generate revenue by investing in …
Loan terminologies are not so obvious and can lead to misunderstanding. We have chosen commonly used terms that you will come across when applying for loans or even as you watch business news. Difference between secured and unsecured loan #1. Secured The first of the loan terminologies is a secured loan. The first thing to …
Mortgage Insurance is one term you need to understand. The housing market is starting to recover, mortgage uptake is expected to rise. Interest rates for mortgage loans are relatively low. This insurance product is a big factor for many potential buyers. You may be unfamiliar with it until you start getting offers from mortgage …
The Insurance Industry is a huge industry with many intricacies and terms that can be difficult for some people to understand. In this blog post, we will discuss 10 insurance terms that you absolutely must know. 1. Insurance Policy This is one of the insurance terms that you can never meet. An insurance policy, in …
Good news! You’re starting a business. If you don’t have the right insurance, it could be shut down before you even open your doors to customers. As with most things in life, there are many types of insurance for your business. It’s important for businesses to fully understand what they need and why they need …
Phone Insurance is a type of insurance policy that offers you protection when your cell phone is stolen, damaged or lost. During these inflationary times, you should be always protecting your assets from any risks that can drag into debt, and insurance remains a good solution. Insuring your phones is one of the best decisions …
[ad_1] This post is part of a series sponsored by TransUnion. Social and regulatory attention has been using fairness and equity as a lens to evaluate the outcomes of existing processes like insurance underwriting. For example, a new law in Colorado, which will come into effect at the beginning of 2023, will require insurers to …
The Insurance Industry Needs to Align on Best Practices Read More
