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    over 1 year ago finance

    Characteristics of Money

    written by geoAli

    As we know that there are different characteristics of money, but in order for money to be recognized as “good money” to people in general it should have the following characteristics. 1. General Acceptability: Money is only being considered as good money, if it is acceptable in all over the world. And also be accepted as a legal currency. It must have legal endorsement and face value. For example, US dollar ($) that is acceptable in all over the world. 2. Transferability: It is very...

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    over 1 year ago finance

    ISAs: Individual Savings Accounts

    written by Freeman

    Introduced in 1999 in the United Kingdom to replace Personal Equity Plans (PEPs) and Tax Exempt Special Savings Accounts (TESSAs) ISAS are financial products, with a favorable tax status, designed for the promotion of investment and savings. If you are a UK resident you will be able to invest up to £7,200 a year thanks to the ISAS that are a government introduced Savings Scheme. For investing in a ISAS you must be 18 years old but there is also the possibility, if you are just 16 years old...

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    over 1 year ago finance

    Money

    written by geoAli

    Today I want to write something related to the most important thing that is MONEY, we always use it in different forms and in different ways of life. We are so accustomed to using money that we seldom notic the role it plays in almost all of our day to day transaction. Its importance can't be ignored, infact the easiest way to appreciate the importance of money is to imagine what economic life would be like without it. I mean without money. Now lets define money. MONEY ? "Anything which is...

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    about 2 years ago finance

    Implications of Bankruptcy

    written by Freeman

    I met an old friend of mine last week. We hadn't met each other for a longtime, so we started to talk about our lives, work and family. He was married and had two children. Unfortunately, his firm had been declared bankruptcy the year before. He was worried about his future and family. I didn't know exactly what the bankruptcy really meant, so I decided to search some information.Bankruptcy is a legally declared inability of an individual or organization to pay its creditors. In most of cases,...

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    about 2 years ago finance

    Trust the debt consolidation service!

    written by Superstar

    Through a debt consolidation you can take out one loan to pay off many others to secure a lower or a fixed interest rate. Debt consolidation involves a secured loan against an asset. It allows a lower interest rate, because the asset owner agrees to allow the forced sale of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.A debt consolidation loan is one of the simplest ways of managing debt, because it combines all your debt into one loan....

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