Banking

What is Investment Bank? | Definition, Working, Pros and Cons

Banking is a service that everyone uses, whether it is an individual, small business, big corporation, or government. Individuals and small businesses often use commercial banks for their day-to-day financial activity, where big corporations and governments use investment banks for financial operations. These banks operate with different principal than other banks and often deal with …

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What is Computerised Accounting? | Definition, Working, Advantages and Disadvantages

 Computerised accounting is the new age method of gathering, recording and maintaining the financial information of a business or an organisation. This system made its entry in the world of accounting following the advent of computers in the 1980s. With its arrival, computing and maintaining financial information became a child’s play for the organisations and …

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What is Manual Accounting? | Definition, Uses and Working

Before the advent of the digital revolution, most business-related activities, mainly financial accounting, used to be done by hand using pen, pencil and paper. Even today, this traditional methodology called manual accounting is prevalent among business entities and companies. This kind of accounting system entails keeping transaction records in the form of books and journals …

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What is Bank Guarantee? | Working, Types, Examples, Pros and Cons

A guarantee usually means giving something as security. A bank guarantee is offered by a lending organization that promises to pay for forfeiture if a debtor defaults on money or voids contract obligations within certain regulations. The guarantee increases company’s purchase power and in turn grow business. There are 2 primary kinds of assurances by …

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What is a Merchant Bank? | Definition, Working and Types

What is Merchant Bank Merchant banks are financial institutions and companies that deal with international finance for multinational corporations, high-net-worth individuals (HWNIs) by providing legal financial advice, loan services, fundraising services, and investing equity capital. Generally, banks provide services like checking accounts, investments, bill payments, etc. These banks are more focused on services for large …

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What is Public Sector Bank? | Definition, Working, Advantages and Disadvantages

Banks are the most important financial institutions in the world. Thanks to the banking system, all financial transactions possible without much hassle. People can save their money in banks, take loans, and transfer funds easily through bank accounts. However, all banks are not the same. According to their stakeholders, banks can be classified into two …

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