and for the period of its actual utilization. Generally an overdraft facility is given by a bank on the basis of a written application and a promissory note signed by the customer. In such cases an express contract comes into existence. In some cases‚ in the absence of an express contract to grant overdraft‚ such an agreement can be inferred from the course of business. Cash withdrawals from a bank account already overdrawn will automatically increase the size of the overdraft. An overdraft
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Bottle bank What happens to the bottle we throw into the bin? Everything starts with a bottle which is thrown into the bin or‚ to be more specific‚ into the bottle bank. Bottle bank is a special container‚ used for recycling many types of bottles‚ from plastic bottles to glass bottles. There are also bottle banks which are separated by colour of bottles like brown bottles‚ green bottles‚ clear bottles and so on. But what is recycling anyway? Recycling means turning materials from waste into something
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What are ‘zombie banks’ The term ‘zombie bank’ was first introduced by Edward Kane in 1987 to describe a bank that has a negative net worth but still continues to operate. A negative net worth means that the fair value of assets is lower than the total value of liabilities. Zombie banks usually have large amounts of non-performing assets on their balance sheets making them unprofitable. A loan is considered to be a non-performing asset if no principal payments or interest have been paid for 90 days
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1.1 Introduction Modern commercial banking‚ in its present form‚ is of recent origin. Though bank is considered to be an ancient institution just like money. Its evolution can be traced in the functions of money lender‚ the goldsmiths and the merchants. A bank has been often described as an institution engaged in accepting of deposits and granting loans. It can also be described as an institution which borrows idle resources‚ makes funds available to. It does not refer only to a place of tending
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Subject – AUDIT Topic – AUDIT OF BANKS. Name – Arwa Khambati Roll no. – 29 College Name – Sydnehem College of Commerce and Economics Seat Number - Certificate of Completion Date: 19/10/2013 This is to certify that Ms. Arwa Khambati (Roll No. 29) a student of Master of Commerce (Part 2)‚ Sydenham College of Commerce and Economics‚ has undergone Project work on titled AUDIT OF BANKS. 19/10/2013 Mumbai
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LINCOLN UNIVERSITY National Auto Parts‚ LLC. (BA 392‚ MBA Internship Report) Presented to Lincoln University By: Liping Zhang Advisor: Professor Sergey K. Aityan November 2013 Table of Contents Acknowledgement 6 1. Introduction 7 1.1. Auto Parts Industry 7 1.2. Automotive Parts Sector Definitions 8 1.3. The Objective of Internship 9 1.4. Sources of Data Collection 10 1.5. Definition of Terms 10 2. Company 13 2.1. Company Description 13 2.1
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The Valley of Flowers : has many different colourful flowers‚ taking on various shades of colours as time progressed. The valley was declared a national park in 1982 and now it is a World Heritage Site. Valley of Flowers National Park is an Indian national park‚ located in West Himalaya‚ in the state of Uttarakhand and is known for its meadows of endemic alpine flowers and the variety of flora. This richly diverse area is also home to rare and endangered animals‚ including the Asiatic black bear
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Summary of the case The Charles Martin in Uganda story shows how companies can often be at adds with a manager who is managing operations in a distant land. The values and normal tendencies of a company can sometimes be interpreted much differently by the manager on the ground. In this example‚ we will look at how Charles Martin dealt with cultural differences of Uganda and the U.S.-based Hydro Generation (HG) Company. On the surface‚ the diverse culture could be seen as a turn off to foreign companies
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contract between customers and their banks and building societies that these firms will keep their customers’ information confidential. This confidentiality is not just confined to account transactions – it extends to all the information that the bank has about the customer. But from time to time‚ banks end up releasing information that they should have kept secret about their customers to a third party which sometimes ends up in major consequences for the banks and their customers. Bank’s duty
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Lindsey Perine MKTG 379 MW 10am February 8‚ 2012 Case 1 Summary- The Coop BACKGROUND AND PROBLEM STATEMENT The Chicken Coop is a restaurant started back in 1974 by CEO‚ Daryl Buckmeister. Chicken Coop is a quick service restaurant chain with sales growing at about 10% per year. In 1995‚ sales sporadically were down in 20 of the 76 stores. These 20 stores had consistently been the strongest stores accounting for 32% of retail sales. The main issue is management needs to formulate a strategy
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