in the business of receiving deposits (liabilities) and to issue debt securities on one hand and create or invest in assets on the other hand during these transactions banks incur costs for their liabilities and earn income from their assets. Asset – liability management is therefore very critical for the sound management of the finances of any organisation that invests to meet its future cash flow needs and capital requirements. An efficient asset-liability management requires maximising the bank’s
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Estimated liabilities are a known obligation that is of an uncertain amount but that can be reasonable estimated. Common examples are employee benefits such as pensions‚ heath care and vacation pay‚ and warranties offered by a seller (Fundamental Accounting Principles‚ Chapter 11‚ Pg 437). When a firm sells products or renders services with a warranty‚ the firms has an obligation towards the customer when the warranty is honored. The warranty liability is an estimate of the obligations. Hence‚ a
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Journal of International Management 8 (2002) 223 – 240 Liability of foreignness to competitive advantage: How multinational enterprises cope with the international business environment Deepak Sethi*‚ Stephen Guisinger 1 University of Texas at Dallas‚ P.O. Box 830688‚ Richardson‚ TX 75083-0688‚ USA Abstract An expanded and holistic conceptualization of the liability of foreignness (LOF) is presented that goes beyond the traditional foreign subsidiary – local firm dyad in the host country.
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Socialist law From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search |[pic] |This law-related article does not cite its references or sources. You can help Wikipedia by including appropriate citations‚ | | |which can be found through legal research. | |[pic] |Please help improve this article by expanding it. Further information might be found on the talk page. (July 2007)
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The French legal system essay Britain is a common law country in which the system of justice depends heavily on custom and precedent. By contrast‚ France is a civil law country where the legal system is based entirely on a body of written law commonly called the Code of Law. This translates into less reliance on case law‚ no straight precedent rule‚ and to simplify matters‚ no need in contracts for providing for every single occurrence‚ which means that a standard agreement might well be ten
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Enforcement of Foreign Judgments edited by Louis Garb Attorney-at-Law‚ Israel Also admitted to practice in Botswana and South Africa and Julian Lew Attorney-at-Law‚ England Also admitted to practice in the State of New York 1994 Kluwer Law and Taxation Publishers Deventer · Boston Foreign Judgments (June 1994) General Section - 3 List of Authors Africa South Africa Feinsteins Incorporated 9th Floor‚ The Atrium 41 Stanley Avenue‚ Milpark Johannesburg South Africa Tel
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BETWEEN A ROMANO-GERMANIC LEGAL ENVIRONMENT AND A COMMON LAW ENVIRONMENT In order for us to understand the difference between a ROMANO-GERMAN legal environment and a COMMON LAW environment‚ it is important for us to examine each system separately and then to present the main differences of the two legal systems. ROMANO-GERMANIC LAW (CIVIL LAW) Civil law is the main legal system used in the world today. It originates from the Roman law and is based on written legal codes which are applied and
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Professional Liability There have been many changes in how healthcare is delivered today as opposed to how it was delivered decades ago when our parents were young. Many years ago there was a close relationship between a doctor‚ patient‚ and pharmacist. There was a considerable amount of trust given to the healthcare professional. They took the time and patience to make sure that their patient received the highest quality of care. Today‚ the healthcare industry is not as personable
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of 1919 Ms.Mukta Mane School of Law‚ Christ University Index Serial no | Topic | Page no‚ | 1 | Research Methodology | 3 | 2 | Government of India Act Of 1919 | 4 | 3 | Bibliography | 9 | Research Methodology: Aim To study the Government of India Act of 1919 with regard to the Montague-Chlemsford reforms. Significance These reforms made huge changes in the executive‚ judiciary and the legislature of the courts in India. Impact This law was first passed in London as the
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participation by investors and consumers in the financial system • administer the law effectively and with minimal procedural requirements • enforce and give effect to the law ASIC can enforce the law by taking certain administrative action (for example; revoking a licence or issuing a banning order)‚ by bringing an action for the breach of the civil penalty provisions‚ by bringing civil proceeding s under s50 of the ASIC Act on behalf of persons harmed by breaches of the Corporations
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