Working Capital = Current Assets - Current Liabilities Working capital turnover shows how efficiently the working capital of the business is employed. It aims to secure faster debtor payments to improve the liquidity position of the business. The article below, therefore, tells you how to buy a house... Cash Advance: It is the amount of cash withdrawn on a credit card at a bank office or ATM. Unsecured Credit or Loan: A loan or credit not secured by collateral or security. Net is the final amount calculated after all the necessary deductions are made to the gross amount.
Arbitrage: Arbitrage is the act of taking advantage of the price difference that exist between two markets, in order to make profits. The borrower is required to complete a small application form and provide his/her checking account information and the lender wires the funds within 24 hours. Reference Number: Generally, a number is assigned to every monetary transaction in a monthly statement, so that the document can useful content be easily retrieved, in case the card holder raises any questions regarding its accuracy. An explanation letter is also a very good proof that you have informed the lender about your inability to pay, and can be useful in case if the lender initiates a foreclosure or a seizure of property. Coupon bond is a financing measure for a business. However, some credit card issuers may allow the cardholders to spend more than the credit limit by charging a fee.