Calls in arrears and calls in advance refer to the timing of payments for calls made on shares of stock. A call is a demand made by a company to its shareholders to pay additional money for their shares, usually…
Bilateral trade refers to trade between two countries, while multilateral trade refers to trade between three or more countries. Bilateral trade agreements are formed between two countries to reduce tariffs and other trade barriers, while multilateral trade agreements involve a…
In accounting and finance, bad debts and doubtful debts refer to the amount of money that a company may not be able to collect from its customers or clients. Bad debts are debts that a company has determined are unlikely…
Absolute advantage and comparative advantage are two concepts in international trade that describe a country or firm’s ability to produce goods and services efficiently. Absolute advantage refers to a country or firm’s ability to produce a good or service more…
NFTs are a type of digital asset that represents ownership or proof of authenticity of a specific item, such as a piece of artwork, music, video, or other forms of creative content. Unlike cryptocurrencies, NFTs cannot be replaced or exchanged…
Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. It is a measure of the decline in the purchasing power of money. In other words, as…
A recession is a period of economic decline that occurs when there is a reduction in economic activity, including reduced spending, production, employment and income levels, over a sustained period of time. Recessions are considered a normal part of the…
Bitcoin is a decentralized digital currency that was created in 2009. It operates on a peer-to-peer network and allows for instant, secure and low-cost transactions without the need for intermediaries such as banks. Transactions are verified by network nodes and…
PayPal is a leading online payment platform that enables individuals and businesses to send and receive payments securely over the internet. Founded in 1998, PayPal has quickly become a popular choice for online transactions due to its ease of use,…
