Agent / Agency Agreement: An agent is an independent person or legal entity that acts on behalf of another (the “principal”).
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Liquidity is the ability to sell a business or other asset quickly at a price that is close to its market value; also, a company’s ability to meet its short-term financial obligations.
- Quantity theory of money
Quantity theory of money is the theory that nominal income is determined solely by movements in the quantity of money.
- Consumption function
Consumption function is the relationship between disposable income and consumer expenditure.
- Account receivable financing
Account receivable financing— indirect financing provided by an exporter for an importer by exporting goods and allowing for payment to be made at a later date.
- Branch banking
Branch banking is an arrangement in which a bank offers a full range of services from multiple locations, including a head office and one or more branch offices.
- ATA Carnet
ATA Carnet (Admission Temporaire/Temporary Admission) is an international customs document for the temporary duty-free admission of goods
Credit means bank’s advance or investment that is made by commercial banks or other financial institutions in order to attain the objective of ...