An asset is something which is owned and controlled by an entity. It is capable of bringing some financial gain in the future. On the other hand, a liability is a present obligation which has to be settled in...

The ‘Letter of Credit’ and the ‘StandBy Letter of Credit’ are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier...

Both outsourcing and offshoring deals with the activities which are being performed externally. If the work is being done within domestic limits, it is known outsourcing and if the activities are being...

The companies can be differentiated on the basis of power to offer their securities to the general public. A company who is permitted to sale the securities to general public is referred to as a public company...

A striking difference between a yield and an interest rate is that yield is the profit made on an investment, and an interest rate is the reason behind such a profit.