origin. Contents page Introduction 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Money – the basics Banks – the basics Operating an account Credit and debit cards Internet banking Mortgages The housing market The consumer credit boom Pensions and other financial products Insurance Wills and other legal matters Money and work Currency markets 1 Currency markets 2 International payments International Banking and investments National central
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time intervals E. unending equal payments paid at either equal or unequal time intervals 3. Which one of the following terms is used to identify a British perpetuity? A. ordinary annuity B. amortized cash flow C. annuity due D. discounted loan E. consol 4. The interest rate that is quoted by a lender is referred to as which one of the following? A. stated interest rate B. compound rate C. effective annual rate D. simple rate E. common rate 5. A monthly interest rate expressed
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CHAPTER ONE INTRODUCTION SME (Small & Medium Enterprise) is an Enterprise that is independently owned an operated and is not dominant in its field of operation. Most of the countries of the world defined small & medium enterprises (SMEs) depending on the size and the size is measured by annual turnover‚ the number of employees and the balance sheet‚ i.e. the value of enterprise’s assets. According to Industrial Policy Order 2010‚ micro enterprises consist of those having assets worth Taka
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Chapter 8 Project Funding 1 I 8.1 MONEY: A BASIC RESOURCE The essential resource ingredients that must be considered in the construction of a project are usually referred to as the four Ms. These basic construction resources are (1) money‚ (2) machines‚ (3) manpower‚ and (4) materials. They are presented in this order since this is the sequence in which they will be examined in the next few chapters. Here‚ the first of these resources to be encountered in the construction process‚ money
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Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example‚ profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. Internal
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dealing with accepting deposits and lending loans to the large corporation or retail customers. Categorization of commercial banks: [pic] Functions of Commercial Banks The functions of commercial banks are divided into two categories: I) Primary functions‚ and ii) Secondary functions including agency functions. I) Primary functions: The primary functions of a commercial bank include: a) Accepting deposits; and b) Granting loans and advances; a) Accepting deposits The
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Q2. a) CAMPARI approach stands for Character of the customer‚ Ability to borrow and repay‚ Margin of profit‚ Purpose of the loan‚ Amount of the loan‚ Repayment terms and Insurance against the possibility of non-payment. For character of the customer‚ it represents the background and experience of the individuals‚ which including integrity‚ past performance‚ and evidence of financial acumen. First‚ Darren Li has a good payment record during the 5 years with our bank. Also‚ our bank had granted
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FINANCE IS IMPORTANT? 7 3. HOUSING & GDP 8 4. TYPES OF HOME LOANS 9 5. HOUSING FINANCE COMPANIES IN INDIA 11 6. SUMMARY OF FINANCIALS OF SELECTED HOUSING FINANCE COMPANIES 21 7. REVERSE MORTGAGE LOAN 22 8. HOUSING FINANCE- SCOPE IN INDIA 24
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scheduled right after the price agreement. Once the inspections are completed‚ a mortgage application must be completed as well as any other paperwork. Also‚ the bank will require documentation and other items to satisfy the mortgage conditions. This is an important aspect to know from the beginning‚ so that the items can be organized when presenting them to the bank. Get a loan! Did you get pre-approved for a loan before you began your search? If so‚ well done! It’s now time to move forward with
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Chapter-1 Abstract of title:-An abstract of title is a historical summary of the publicly recorded documents that affect a title. The abstract of title lists all of the legal actions that have been performed or used in conjunction with a piece of property. Deed:-Deed is a legal document that grants the bearer a right or privilege‚ provided that he or she meets a number of conditions. Usually title is conveyed from one person (the grantor) to another (the grantee) by means of a written instrument
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