The term loan typically refers to a form of unsecured credit vehicle where a pre-set amount of money is given to another party with the promise of future repayment of an asset or principal amount based on agreed terms. In most cases, this is done with little or no involvement by the borrower. The lender does this to ensure that he has complete control of the assets and funds in his portfolio. In return, the borrower pays regular repayments based…
The forex market is an over-the-Counter or global market for the trading of foreign currencies. This marketplace determines international exchange rates for each currency traded. It also includes all facets of purchasing, selling and trading currencies in current or established deals. The market is very liquid, with trades taking place around the clock, twenty-four hours a day. Because it involves so many countries, there are many different types of currencies that can be traded. Forex is the most liquid financial…
Running a successful business involves having access to good business finances. Without this, the business owner would be unable to fulfill his financial obligations to his various stakeholders, including himself as well as his employees, suppliers and the tax authority. Proper business finances enable the business owner to make sound business decisions that are in line with his business objectives. As such, it is very important for the business owner to ensure that he is running a profitable venture. However,…
A credit card is simply a payment card issued by a bank to consumers to enable the consumer to pay to a retailer for goods and services on a credit card. The credit limit is determined by how much money has been put on the credit card by the individual consumer. There are three different types of credit cards, the major ones being Visa, MasterCard, and Discovery. These cards all have their own advantages and disadvantages when it comes to…
Personal finance is the discipline that an individual or a household performs to plan, save, and invest money over a period of time, based on various economic risks and future economic events, taking into consideration various future life events. This involves setting aside funds and putting them in different accounts such as savings accounts, investment accounts, cards and so on. It also involves making payments on time to ensure that debts are paid and that the money is available to…
CFD trading has become a very popular business. People who have years of experience often take pride that they know everything about this market. This is very common and there is nothing wrong with it. But you can also take this pride even though you will have very little knowledge of this market. Spend some quality times in learning the core factor and you become a skilled trader without losing too much money. Today we will teach you five effective…
The word bankruptcy to many is a scary word. Bankruptcy is for many considered a last report to their debt problems. What exactly is bankruptcy? It is a legal statement that confirms that you are unable to pay all of your debt back. Your assets such as your house and car are distributed between those who you owe money to, and the debt is written off completely. Those who choose bankruptcy often see it as a way to make a…
Demo accounts are known as blessings for the retail traders. It gives you a perfect demo trading environment where you can learn the art of trading without taking any risk. Risk is nothing but part of the investment business. However, you should not trade with real money during the learning stage since it can magnify the risk to a great extent. As a naïve UK trader, you might realize the importance of a demo account and there is nothing wrong…
One nightmare scenario everyone would love to avoid is being taken into custody abroad by foreign authorities. Whether that’s for a serious or minor crime, everyone dreads being locked up somewhere where they don’t know the language, environment or culture. But, you do have the right to legal aid and here are some of the things that your solicitors can do whilst you’re locked up abroad. Communicate with loved ones The worst part of being arrested in another country is…
In today’s society, it is practically impossible to be free from the legal sector. Regardless of whether you need help with an employment disagreement, probate law or an issue with your family, at some point in your life, you will have to seek out a solicitor’s advice. Solicitors are legal experts, who are required to have attended law school and are registered and monitored by the Legal Society. Many solicitors are trained in one specific area of the law and…