Financial Statements: Income Statement and Balance Sheet Financial Statements (F/S) From the viewpoint of the reporting entity, financial statements are the means of re economic activities of an enterprise to the stakeholders. On the other hand, from the stockholder’s point of view, it is a...
Banking Terminology Banking terms commonly used to introduce new words and meaning related to banks and banking operations mostly used now a days. These terms are very important for banking knowledge and study. A Acceptable-These borrowers are not as strong as GOOD Grade borrowers, but...
Bank Charges like pledge and hypothecation is the legal right to assets securing the payment of money. It gives the creditor in whose favor the charge is created, the right to get the loan back on time. In a charge there is no transfer of interest...
Insurance Policy The value of a insurance policy coverage at any time is the surrender value. The stipulated margin, usually 10% to 15% should be maintaining to the surrender value. By the surrender value, it is meant that the value which the company/corporation is prepared...
Collateral Definition Bank collateral is something deposited as a guarantee of an undertaking or loan. If the borrower fails to repay the loan then the lender can sale the security to recover the loan. Security is obtained as a line of last defense to get...
Bank Mortgage Bank Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by the way of loan, an existing or future debt or the performance or an engagement which...
Bank loan recovery is a major part of banking operations at present time. Loan is given by a financial institution to a client with anticipations that the pay back conditions and conditions will be met by the counter party. But, credit becomes infrequent when the...
Loan disbursement and loan monitoring is vital bank operation to earn profit. In this process, Security details are prepared according to acceptance conditions and are lawfully enforceable. Standard economical loan facility documentation that has been analysed by attorney should be used in all cases. Exclusions...
Bank Loan administration function operates to make sure that proper certification and approvals are in position prior to the payment of loan features. For this reason, It is essential that the operate of credit score control be totally separated from relationship control to avoid the...
