Business

Problem loan: The loans which cannot easily be recovered from borrowers are called Problem loans. When the loans can’t be repaid according to the terms…

Ideal Loan As all of the bank’s loans are not considered as an ideal loan; in the same way, all of the bank’s loans are…

Definition of Loans and Advances – In real life, individual or institutions face some situations when they feel the necessity of collecting, achieving or using…

Secured loans are those loans that are protected by an asset or collateral of some sort. Secured loans are less risky for lenders, which is…

Secured Vs. Unsecured Loans Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as…

Overdraft is an agreement between a banker and his custody by which the latter is allowed to withdraw over and above his credit balance in…

Bridge financing normally comes from an investment bank or venture capital firm in the form of a loan or equity investment. It is short-term financing,…

A general lien is a right of one person to retain any property or goods which are in his possession belonging to another person until…

Letter of Credit A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as…

Cash credit is an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank…