As a finance professional, it's important to have a strong grasp on the language of finance. Understanding the terminology used in the industry can help you communicate effectively with…
In today's fast-paced world, the finance industry is constantly evolving, and professionals need to stay up-to-date with the latest market trends, economic news, and financial data to m…
Some common banking abbreviations include: ACH: Automated Clearing House ATM: Automated Teller Machine CD: Certificate of Deposit FDIC: Federal Deposit Insurance Corporation IRA: Indiv…
The world of banking can often seem like a foreign language to those who are not familiar with its terminology and processes. From checking accounts and credit cards to underwriting and wi…
ROI (Return on Investment) is a measure of the efficiency of an investment and is calculated as follows: ROI = (Net profit / Cost of investment) x 100 Net profit is the total return from …
Bad debt refers to an amount of money owed to a company that is unlikely to be collected. It is the result of a customer or client not paying a debt that they were obligated to pay. This ca…
Inflation is an economic concept that refers to the general rise in prices of goods and services over a specific period of time, leading to a decrease in the purchasing power of money. In o…