Sindhuja Poorni
Sindhuja Poorni is an Engineering graduate from Jansons Institute of Technology. She is very passionate about writing and runs a blog under her name. Poorni is a freelance writer and a proofreader.
What is Collateral?
When you take loan from Bank or a Private Lender, then you are obliged to produce some assets as surety for the money that you...
What are Non Scheduled banks?
Non Scheduled banks
As per the Second Schedule of the Banking Regulation Act of 1965 a bank must satisfy the following conditions, to get fully...
What is a Closing Transaction?
Closing Transaction refers to final transaction / settlement within an accounting period or a contract.
Closing Transaction in Accounting
A closing transaction is the final financial settlements...
What is Installment to Income Ratio?
Installment to Income Ratio IIR
Installment to Income Ratio (IIR) is method by which the lender or the bank evaluates a person’s ability to repay...
What is FOIR? How to Calculate FOIR in Loans?
FOIR (Fixed-Obligation to Income Ratio)
FOIR (Fixed-Obligation to income ratio) is a method by which a person’s eligibility for availing a loan is determined. It is...
What are Contingent Liabilities?
Contingent Liabilities
Contingent liabilities are the debts or liabilities held by a company but whose value remains unknown. Because these values cannot be determined until...
What is a Convertible Debt?
Convertible Debt
Convertible Debt is a short term debt that is owned by the company, which can be converted into share values at any desired time....
What is a Convertible Note?
A convertible note is a method used by a startup company for their investments. A startup company may not be able to sell their...
What are Current Liabilities?
Current Liabilities
The short term debts owned by the company and that can be paid off within one year is termed as current liabilities of...
What are Organizational Assets?
Organizational Assets
Organizational assets are the total economic value of a business organization that includes the ones generating revenue for the entity and the primary assets associated with...
