Junk Bond

Junk Bond

Junk bonds are fixed-income securities that are rated below the investment-grade by one or more major bond rating agencies. In contrast to low-risk, investment-grade bonds,…
Highmarket Affair

Highmarket Affair

The Highmarket affair (known as the “Highmarket Incident” and “Highmarket Relationship”) turned into a workers’ protest rally near Chicago’s Highmarket Square on May 4, 1886,…
Conglomerate

Conglomerate

Consolidation is a very large corporation or organization, consisting of several joint ventures, it is formed by a takeover or merger. It is a multi-industry…
What is Factoring?

What is Factoring?

Factoring is a financial service where a business entity sells its bill receivables to a third party in exchange for a discount to raise funds.…
Featherbedding

Featherbedding

Featherbedding is a term used to describe when an employer is required by a trade union to increase the cost of labor, such as by…
LIBOR – London Interbank Offered Rate

LIBOR – London Interbank Offered Rate

The London Interbank Offered Rate (LIBOR) is the average interest rate estimated by leading banks in London that the average leading bank would be charged…
Various types of Audit

Various types of Audit

Various types of Audit An audit is a task of careful and in detail checking or examining of cost and financial statements from company or…
Rights of Privacy

Rights of Privacy

Privacy means the contest refers to the individual privacy parson or private activities. The right to privacy refers to the concept that one’s personal information…
Contract is the Essence of Partnership Business

Contract is the Essence of Partnership Business

“Contract is the Essence of Partnership Business“ A contract is the essence of the partnership business. The document in which the respective rights and obligations…
Advantages of Partnership Deed

Advantages of Partnership Deed

Advantages of Partnership Deed Partnership deed is a document related to the rights and obligations of the member of a partnership. It contains different matters…
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