Loans
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... a partner in a business before a third party (outsiders) by words or in writing or by his act, he is called a partner by estoppel. The third party mistaking him as a partner in the business advances loans on his creditability, that person would be personally responsible for the liability attaching to the position of a partner The partner by estoppel would, however, not be entitled to any right li.... More >>
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...eased and national income begins to rise. For economic development public debts are necessary. In under developed countries, due to insufficient resources economic development is not possible. Public loans are drawn internally and externally. The above mentioned methods are called budgetary policy of the government. This policy can increase national income, production level and maintain full emplo.... More >>
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Ideal solution for credit shortage
...approached his nearest friends and dearest relatives? This is just what happens in the life of the salaried men and women in UK. They look for instant funding from any source possible. Instant payday loans no credit rating check will definitely be good for them. The eligible borrowers get the cash within twenty four hours. First, finance programs of this kind have been created keeping an eye on t.... More >>
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Cash in advance loan know about cash loans fast
...Quick loans which are being termed as the cash loan fast or the short term loans has gained immense importance. In case of financial crunch when you cannot get a bank loan or can no more use your credit cards, then bank on the quick loans to fix your financial necessities. As a matter of fact the cash in advance loan stand as the instant loans and these loans are given in cash which is ideall.... More >>
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Merits and demerits of partnership form of organization
... Credit Standing The partnership enjoys a better credit rating in the eyes of creditors. As the liability of each partner in the organization is unlimited the financial institution can safely advance loans to the firms. 3. Large Capital In case of sole proprietorship, the capital is limited to the savings of one owner or his borrowing capacity. Partnership can bring more capital to the business by.... More >>
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Factors affecting working capital
...n the business is slack and sales decline then less amount of working capital is required.(12) Business policy. If a business sets aside funds at the end of each year for the depreciation, payment of loans and ploughing back of profits in the business, it requires less amount of working capital. On the other hand, .a business which does not build its own internal resources, needs larger amount of .... More >>
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Role of commercial banks in the economic development of a country
...sary for economic development.(2) Investment in new enterprises. Businessmen normally hesitate to invest their money in risky enterprises. The commercial banks generally provide short and medium term loans to entrepreneurs to invest in new enterprises and adopt new methods of production. The provision of timely credit increases the productive capacity of the economy.(3) Promotion of trade and indu.... More >>
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...osits. The larger the deposits of bank, the larger will be its (use) fund for employment and so higher are its profit.1. Borrowing from central bank. The commercial banks in times of emergency borrow loans from the central bank of the country. The central bank extends help as and when financial help is required by the commercial banks.2. Other sources. Bank also raise funds by issuing bonds, deben.... More >>
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...ial and commercial progress in the country. The importance of money market is given, in brief, as under:(i) Financing Industry: A well developed money market helps the industries to secure short term loans for meeting their working capital requirements. It thus saves a number of industrial units from becoming sick.(ii) Financing trade: An outward and a well knit money market system play an importa.... More >>
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...ion in production of goods is hampered.(3) The non-availability of credit beyond a particular limit of expansion acts as a serious brake on prosperity. The financial institutions begin to recover the loans. The firms which are unable to pay back the loans begin to liquidate their stocks. When more firms sell their output at the same time the price level starts falling. If a few firms get involved .... More >>
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...at of business, and due to any reason the loss is acquire as by theft or fire etc. Then insurance companies can receive the claim papers only when the auditor has verified the amount of that. E. LOANS FROM BANKS If the companies have sustained loss, it cannot pay its debt in time. So at that time the banks can reschedule the loans only. When the auditor verify that the loss, which is, sustai.... More >>
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Functions of state bank of pakistan
...he country by changing cash reserve requirements of the commercial banks. An increase in the cash reserve ratio reduces the excess reserves of the bank and curtails the powers of the banks to advance loans. The decrease in the cash reserve ratio increases the cash reserves of the commercial banks which increases the capacity of the banks to advance more loans. The SBP now requires the scheduled ba.... More >>
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Balance of payments theory of exchange rate
...vely in the balance of payments. The demand for foreign exchange comes from the debit side of balance of payments. The debit items in. the balance of payments are (1) import of goods and services (2) Loans and investments made abroad.The supply of foreign exchange arises from the credit side of the balance of payments. It is made up of the exports of goods and services and capital receipts. If the.... More >>
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Govt plans low rates home loans for paramilitary personnel
...In an attempt to make home ownership easier for paramilitary personnel, the Central government is planning to launch a scheme under which home loans are made available to them at concessional rates. “The scheme will allow a soldier from a paramilitary force to avail cheaper home loans at least two years prior to his retirement,” a senior home ministry officer told Hindustan Times. The offici.... More >>
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Causes of trade cycle summarized
...ies play an important part in revival or expansion of economic activity.4. Gold discoveries. The discoveries of gold mines stimulate the volume of international trade help in adjusting trade deficits loans etc. The rising incomes lead to expansion in economic activity.5. Growth of population. Growth of population affects economic activity. If the rate of growth is higher in a country it leads to a.... More >>
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Role of commercial banks in the economic development of pakistan
...mobilize savings of the people.2. Financing development project. The banks and other development finance institutions like IDBP, Zarai Taraqiati Bank Limited, PICIC etc. advance short and medium term loans for financing of the development projects both in the private and public sectors and thus help in accelerating the rate of economic development in the country.3. Facilitating trade activities. T.... More >>
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Payday loans new zealand option for emergency finance
... Payday loans New Zealand are a kind of instant cash which the lenders pay against the borrower's paycheck of the next month. It is clear from the phrase 'Payday loans New Zealand' that this kind of loans are for the citizens of New Zealand only. People of New Zealand, like their counterparts all over the world, have been affected by the global recession. This is one of the reasons for which t.... More >>
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Special types of individual customers
...urrency Account in her name.If may here be noted that a married women cannot make her husband responsible for the debt incurred by her. It is the sole responsibility of the married woman to repay the loans and advances made in her name by bank. In case the loans and advances are raised for supplementing the income of her husband or for meeting the expenses of life necessities or for domestic needs.... More >>
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Hawtreys monetary theory of business cycles
...nd will cause price level to go up. Prices will also rise due to an increase in money supply in the economy. Increase in price level further increases the demand for credit. But the banks can provide loans only up to a specific limit. Eventually interest rate is raised and the banks ask for the repayment of the previous loans. Tight credit policy will be followed. Firms in order to return the loan.... More >>
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...al Reserve System).(2) Commercial Banks. Commercial Banks are those banks which are engaged in performing the routine duties of banking business. They collect surplus money from the people. They make loans and advances in the form of overdrafts, cash credits, discounting bills of exchange. Commercial banks also manufacture credit money. They also provide agency services and general utility service.... More >>
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