“Family Income” Wage- Is the money amount receive daily for rendering service. Received by unskilled semiskilled‚ and skilled workers or blue-collar workers. A salary is the amount of money received monthly by professionals or white-collar workers. IN ADDITION TO WAGES OR SALARIES‚ SOME FAMILIES HAVE OTHER SOURCE OF INCOME THIS INCLUDE THE FOLLOWING: 1. Dividends from investments in bonds & stock. 2. Gifts from relatives & friends. 3. Inheritance. 4. Rentals from apartments
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Chapter 8 Bond Valuations Bond Value = PV of coupons + PV of par Bond Value = PV annuity + PV of lump sum As interest rates increase‚ bond prices decrease and vice versa Interest Rate Risk The risk arises for bond owners from fluctuating interest rate‚ depending on how sensitive its
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receivables) less current liabilities (overdrafts‚ creditors). The main types- bank overdrafts‚ bank bill and trade credit Medium term – between 1 and 5 years Usually used when business want to expand‚ purchase new equipment or develop new products. Main types are term loans‚ personal loans or leasing Long term – greater than 5 years Used to perchance building‚ land‚ plant and equipment. The main types are mortgage‚ which is a loan secured on some type of asset such as land or building. Financial
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materials or other assets which trade in a commodity environment. By contrast‚ assets which have high obsolescence risk such as fashion or high technology equipment may provide very poor collateral or protection for a loan. A debt obligation can be secured or unsecured. In theory‚ proceeds from a bankruptcy
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value." Transfer of the business took place on June 1‚ 1892. The purchase money the company paid to Mr. Salomon for the business was £20‚000. The company also gave Mr. Salomon £10‚000 in debentures (i.e.‚ Salomon gave the company a £10‚000 loan‚ secured by a charge over the assets of the company). The balance paid
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Business Law‚ 7e (Cheeseman) Chapter 23 Transferability and Holder in Due Course 61) How does the definition of value for purposes of holder in due course differ from the definition of consideration? Why do you think there is a difference? Should there be a difference? Answer: An unfulfilled promise qualifies as consideration‚ but is not considered value given under Article 3 of the UCC. This is because a holder has not actually performed the promise‚ and thus has lost nothing yet‚ and therefore
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FINANCIAL SECTOR TALENT ENRICHMENT PROGRAMME FUNDAMENTALS OF SHARIAH presented by Ahmad Sanusi Husain 1 CONTENTS 1. Participating Contracts - Types of Participating Contracts - Essential Elements - Necessary Conditions 2. Supporting Contracts - Types of Supporting Contracts - Essential Elements - Necessary Conditions 2 TYPES OF PARTICIPATING CONTRACTS Shirkat (Partnership) Shirkat Milk (Holding Partnership) Inheritance (Faraid) Will (Wasiyyat) Mudharabah (Trustee Partnership)
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creating enormous civic debt. Although the figures may look bad‚ we still have the ability to sell most of the dues on the open market. But our “good fortune” can’t possibly be everlasting. Eventually we will have only two options: default (tell the creditors we can’t pay‚ and negotiate a payment) or inflate (print more money to pay off growing debt). In any case‚ either decision will lead to “painful consequences.” Default is the better alternate. Regrettably‚ while inflation is worsening‚ it’s also
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* Growing internationally * Went US > Europe > global * Reason 2: LA is not a narrow area of the law * Applicable to most big law activity—just a lot going on at the same time * M&A * SR secured financing deal * GK represents these guys * Subordinated debt * This is half of what Cahill does * Equity shareholder deal * Management incentive deal * Executive ownership arrangement
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