New Guidelines For Recognising Important Criteria For Business Lending

Traditional telephony relies on outdated technology, known as PBX, or, private branch exchange. This requires bulky and cumbersome equipment and infrastructure, whereas voip is much more convenient. It also offers the following benefits: Improved User Experience through Better Technology New and comprehensive voip phone systems for small business reviews clearly show the many faults of traditional landline telephone service. VoIP quality is quite impressive, and everything is managed in the cloud. Companies are benefiting from not having to spend precious capital on equipment setup and maintenance. Business are harnessing the advanced power of the internet with communications tools that are extraordinarily flexible.

Truth in Lending Act: A federal law that requires the lenders to disclose some key information related to credit transactions, like interest rates, finance charges, and the cost of the loans to the borrowers, so that they can compare various types of loans. Mortgage loan is an example of secured loan or credit. Buydown: Buydown is the lump sum amount paid by a borrower or by a third party to the creditor in a bid to obtain lower interest rates at least for some years. Bank Identification Number BIN: It is the account number provided by the credit card issuing institution. It is calculated by: Debt Ratio = Total Liabilities / Total Liabilities + Shareholder Equity Debt security is the security for debt capital, i.e., debentures, bonds. Net cash flow is the difference between the cash inflows and the cash outflows for a business. Concessionary loans are sanctioned by the government to the companies to fund a particular activity as prescribed by the issuing authority.

No fax cash advances are provided without verifying any documents. Cash management is a financial management technique that aims to maximize the availability of cash in the business without changing the levels of fixed assets. Materiality principle says that accountants should use the Generally Accepted Accounting Principles, except when their use is difficult or financially unavailable. Smart Cards: Electronic prepaid cash cards that contain a microprocessor where information is stored, and which can also be used for recording card transactions. A comparative statement is a financial statement that compares the results of two or more previous years with the current results. In other words, the goods sold or services promised by the company have not yet been provided to the customers, though payments have been collected in advance.