What Is a Cash Discount? Cash discounts refer to an incentive that a seller offers to a buyer in return for paying a bill before the scheduled due date. In a cash discount, the seller will usually reduce the amount that the buyer owes by either a small percentage or a set dollar amount. Key…
So that we finally stop comparing him unnecessarily to Benzema – package for the 2022 World Cup – Giroud has just made us dream during the France-Australia match. The guy planted 2 goals which, added to those of Rabiot and Mbappé, allowed us to go from a rotten start to a magical moment. It may…
What Is Securities-Based Lending? The term securities-based lending (SBL) refers to the practice of making loans using securities as collateral. Securities-based lending provides ready access to capital that can be used for almost any purpose such as buying real estate, purchasing property like jewelry or a sports car, or investing in a business. The only restrictions to…
If for ordinary mortals the dark web represents a dark and evil place (which it can totally be in places) it is above all generally misunderstood and mysterious. However, this “internet in our internet” is used every day by thousands, even millions of people. Unsurprisingly, it is used, among other things, to sell more or…
What Are Match-Rate Funds? Match rate funds are loan funds which have their interest rates matched (or extremely close) to the interest rate on the source of the funds loaned out. This term is especially used in the European banking system to describe the relationship between the deposits a bank is currently holding and its…
We do not say that on Netflix, all the series are exactly the same, that would not be very nice of us and not totally true (except for Elite and Young Royals. And Outlander and Poldark). On the other hand, it is always the same actors who play in all the films and series on…
What is a BAX Contract? A BAX contract is a short-term investment instrument that tracks the nominal value of a Canadian bankers’ acceptance (BA). The specific BA behind the contract has a nominal value of C$1 million and a maturity of three months. They were first launched in 1988 by the Montreal Exchange and has since gained traction…
Even though there are very nice dentists, going to have your gums sanded is generally not a cakewalk. We take a lot of scaling, we want to die when he discovers a cavity and we pray never to come back when he makes us go to the checkout. But if only that was all! No…
What is a Combined Statement? A combined statement includes information on a customer’s various retail banking accounts onto a single periodic statement. Banks and financial institutions offer combined statements for the convenience of the customer and cost efficiency of the bank. Businesses and individuals may request to receive combined statements. Key Takeaways The combined accounting…