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Running Total

This is known as compounding. Compounding is an essential concept in finance that involves the accumulation of daily values. The process includes adding the value of each day to the previous day's total, or subtracting it if the value is negative. This continuous cycle results in a compounding effect, where the overall value increases over time. Understanding this concept is crucial for making informed financial decisions and maximizing returns. So, let's delve deeper into the concept of compounding and its implications in the world of finance.

After date

A negotiable instrument, such as a bank draft, has a specified date on which payment becomes due after it is presented. This is referred to as the maturity date. It is impor...

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Running Market

In the world of finance, there exists a phenomenon known as a "one-way market". This is a market in which prices are constantly moving in one direction, with little to no mo...

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Bearer Stocks

One may own two types of stocks - registered and bearer. Registered stocks require the issuing authority to register the owner and track ownership transfers, while bearer st...

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CIA

In the world of finance, the term "cash in advance" refers to a payment method where the buyer must make full payment before the goods or services are delivered. This method...

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