Bank Guarantee
A bank guarantee is a type of financial contract where a bank agrees to take responsibility for a debtor’s obligations if the debtor fails to fulfill their contractual obligations. In…
Micro-Finance Company
Microfinance is a type of financial service that provides small loans, savings accounts, and other financial products to low-income individuals, typically in developing countries. Microfinance institutions (MFIs) are organizations that…
Liability
In finance and accounting, a liability refers to a financial obligation or debt owed by an individual or organization to another party. A liability can arise from a variety of…
What is financial Ratio? What is its importance? Write down its limitations and how financial Ratio is calculated on public enterprises or banks? State.
Financial Ratio Financial ratio is a financial tool that is used by a business firm to show the relation between the different kinds of financial transactions and to…