What is Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...
What is Bank Reserve? Loans are usually given after a corresponding or overly compensating value of the collateral has been signed in. In like terms, bank reserve refers to the bulk of curre...
What is Bancassurance? DefinitionThis refers to the relationship between a bank and an insurance company permitting the insurance company to market and sell its insurance products to a bank�...
Apple (AAPL) said on Monday that its quarterly revenue forecast will be affected by the current Coronavirus outbreak in China. The company said the virus caused lower Chinese demand for its iPhones.&n...
Ever since the shocking announcement of the death of Mark Butler, the cofounder of Ollie (OLLI), there has been an ongoing investigation on the cause of his death. the Los Angeles County Medical Exami...
Nvidia (NVDA), one of the major artificial intelligence and graphics chip makers in the United States, submitted its long-awaited fourth-quarter financial report on 13th February 2020. In the re...
The stock market is the largest economic market in the world. It is often seen as the stand-in-for economy in most countries, especially the US. It is therefore expected that with the recent breakout ...
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...