Bankruptcy in simple terms means a person or organization is insolvent or is in a state of insolvency. Insolvency means the person or the organization is not in a position to repay the debts it owes to its creditors. This…
Category: Personal Finance
Consistent cash flow is critical to easy going for any business. However, it is the small set-ups that suffer the most due to lack of fluidity with which in-flow of cash must move. The big wigs too can’t escape the…
What do you understand by personal finance or maintaining a financial portfolio? By personal finance people generally refer to their savings and investments. All of us do some savings or some investment in our lifetime. Most of the time people…
Getting together with loved ones in disguise of different occasions brings happiness. But organizing a party is quite a costly affair and hence even if you are really eager to have a get together and invite all your friends and…
Viatical settlements encompass selling of life insurance policies of individuals that are terminally ill to a company that pays a lump sum amount of money in return for the policies issued. These companies buy the polices at a price lower…
What makes business cash advances a favorite choice for the small business wigs is the readiness with which it is granted. Speedy processing is possible due to the fact that no collateral is required and no credit checking is carried…
There are many people all over the world who live from one payday to another. For such people if there is even a tiny bit change in the lifestyle they are used to, money at the end of the month…
Hullo! In this article I aim to answer the question: what’s the difference between the interbank and client foreign exchange rate? This is intended for people about to change currencies, who may have heard something about the interbank rate but would…
Planning your retirement while you are still employed is a smart idea, since you must consider the fact that after retirement there would be almost no inflow of money. If you have retired in a high post that paid huge…
Personal financial planning is not a difficult work if you make it into a disciplined habit. Instead of worrying yourself dead at the end of the month while paying bills, start on your salary day and keep a record of all…