An asset is anything that can be utilized to make more money. A liability is an obligation on which money has to be paid. In terms of banking, an asset is anything on which one earns an interest, whereas a...

PAN stands for Permanent Account Number. It is a number that is issued to any person who pays tax. Aadhar is an UID, i.e. a unique identification number. Its main purpose is to create a database of each...

A PAN number is a number for anyone who pays income taxes or has financial transactions. TAN is required for any organization that deducts or collects tax at source. A TIN number is required by any dealer or...

Term life insurance protects the issuer against unforeseeable events for a limited time. Whole life insurance are policies that last the duration of the life of issuer and pays out when they die.

A forward contract is a non-standardized contract that allows parties to customize how they want to sell or buy an asset, at which price and what date. On the other hand, a future contract is a standardized...