An Individual Voluntary Agreement (IVA) is an agreement with your creditors to write off the debt. IVA is a legal agreement and your creditors are bound by the law to not take any action against you to pay all the debts. IVA gives you a cushion to get rid of some of your debts. You cannot write off all of your debts. For instance, if you owe $100, 00 to your creditors, then you […]
Have you asked yourself, “When is the great time to apply for a loan?” Maybe it’s time that you get a mortgage application for your new family home. Maybe you need to apply for credit to renovate your house. It may be, too, that you want to start a small business. Perhaps you think you need a family car. For whatever reasons, you’ve been thinking when is the best time for a personal loan. Is […]
Agriculture is the cultivation and breeding of animals, plants and fungi for food, fiber, biofuel, medicinal plants and other products used to sustain and enhance human life. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the development of civilization. The study of agriculture is known as agricultural science. The history of agriculture dates back thousands of years, and its development has […]
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations […]