money‚ credit also came into existence. Credit is created when one party (it can be person‚ group of people‚ firm or an institution) lends money to another party‚ the borrowers. The act of borrowing creates both credit and debit. Debt means the obligation to pay the finance borrowed and credit means the claim to receive this money payment from the other party. Every credit involves debt‚ that is obligation to pay money and therefore creates claim. 1.1 Definition of important terms 1.1.1 Credit is generally
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affects things greatly like declaring war or writing and voting on laws. The legislative branch was established by article one of the constitution. This branch is consisted of the House of Representatives and the Senate which together form the United States Congress. The House of Representatives is made up of four hundred and thirty five elected members and there are six non-voting members that represent the District of Columbia‚ the Commonwealth of Puerto Rico‚ United States Virgin Islands‚ Guam and
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I. CREDIT OVERVIEW Credit is derived from the Latin word “credo” meaning “I believe.” Credit is when goods‚ services‚ or money is received in exchange for a promise to pay a definite sum of money at a future date. The lender “trusts” the borrower to repay the money. A lender is the person or organization who has the resources to provide the individual with a loan. A borrower is the person or organization that is receiving the money from the lender. When the privilege of borrowing has been extended
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In American Constitutional thought‚ it is generally regarded that the Judicial Branch and the courts should be independent from political sway. The Legislative and Executive branches were designed to represent the will of the people at the time‚ but the third branch is to remain isolated. Blatantly activist judges are generally regarded as unacceptable. It’s undeniable‚ however‚ that a completely independent judiciary is impossible in a democratic society. To some extent‚ the general populace plays
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Credit Appraisal is the process by which a lender appraises the technical feasibility‚ economic viability and bankability including creditworthiness of the prospective borrower. Credit appraisal process of a customer lies in assessing if that customer is liable to repay the loan amount in the stipulated time‚ or not. Here bank has their own methodology to determine if a borrower is creditworthy or not. It is determined in terms of the norms and standards set by the banks. Being a very crucial step
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Laksamana College of Business Centre Code: 92047 Programme Title BTEC Higher Nationals in Computing and Systems Development Unit No. 3 Unit Title Employability and Professional Development Assignment No. 1 Assignment Title Personal and Professional Development Plan Assessor Mr. Regan Nagorcka Date Given 14 Oct 2013 Date Due 4 Nov 2013 Date Submitted Student ID Student Name Batch Code QCF-0913 QCF-0313 Group No Group A (AM) / Group B (PM) / Group C (Evening) Outcome
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Credit Rating (CR) as financial service‚ has come a long way‚ since John Moody first introduced the concept 1909. In India it started in 1988. Credit rating is has been used to rate debt instrument viz. Fixed Deposit‚ Commercial Paper Credit rating is a technique of credit risk valuation for the corporate debt instruments reflecting borrower’s expected capability and inclination to pay interest and principal in a timely manner. * In evaluation both qualitative and quantitative criteria are
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Question 1 A Credit Default Swap (CDS) is an instrument designed to transfer the credit exposure of fixed income products between parties. A CDS is also referred to as a credit derivative contract‚ where the purchaser of the swap makes payments up until the maturity date of a contract. Payments are made to the seller of the swap. In return‚ the seller agrees to pay off a third party debt if this party defaults on the loan. A CDS is considered insurance against non-payment. A buyer of a CDS might
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Meta descriptions: Do you know it is possible for you to save money by just putting your funds in the right place. What makes a credit union different from a bank? Keyword: Credit Union Is a Credit Union really the right choice for you? It is very important for a person to keep their personal and financial life on track. However‚ it is not a something that will count s exciting. Keeping track of finances can be very boring at times‚ and this is exactly why most people avoid dealing with it. Until
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The powers of the Executive Branch‚ or otherwise the President‚ are spelled out in Article II of the Constitution; however Jeffery Tulis argues the point that there are two constitutional presidencies. The first one is the constitutional presidency that the Founding Fathers intended when they wrote the Constitution and it has changed little to none. The second is the informal version of the constitutional presidency that Woodrow Wilson devised and that the majority of Presidents since have followed
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