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21 Jun 2018

Tulip mania

Finance feed by:

CA Vikas Agrawal
M.com,CA
CA in Practice    •    9 Year 1 Month  experience
Tulip mania was a period when tulips were recently introduced and bought in large quantities by many people. This caused tulip prices to shoot up. They were sold at prices higher than skilled workers' income. After reaching a peak, tulip prices crashed, leaving tulip holders bankrupt. It was the first major economic bubble.

Tuli.... more

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9 Jun 2018

Underwriting

Finance feed by:

CA Sushil Modi
M.com,CA
CA in Job    •    9 Year 10 Month  experience
Underwriting is one of the most important functions in the financial world wherein an individual or an institution undertakes the risk associated with a venture, an investment, or a loan in lieu of a premium. Underwriters are found in banking, insurance, and stock markets.

The nomenclature ‘underwriting’ came about from .... more

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28 May 2018

Swap

Finance feed by:

CA Vikas Agrawal
M.com,CA
CA in Practice    •    9 Year 1 Month  experience
Swap refers to an exchange of one financial instrument for another between the parties concerned. This exchange takes place at a predetermined time, as specified in the contract.

Swaps are not exchange oriented and are traded over the counter, usually the dealing are oriented through banks. Swaps can be used to hedge risk of various.... more

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22 May 2018

Contingent Liability

Finance feed by:

CA Ananth Narayana
B.com (Hons),CA,CS
CA in Practice    •    7 Year 1 Month  experience
A contingent liability is defined as a liability which may arise depending on the outcome of a specific event. It is a possible obligation which may or may not arise depending on how a future event unfolds. A contingent liability is recorded when it can be estimated, else it should be disclosed.

It is a potential loss or liability t.... more

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15 May 2018

Bankruptcy

Finance feed by:

CA Ananth Narayana
B.com (Hons),CA,CS
CA in Practice    •    7 Year 1 Month  experience
When an organisation is unable to honour its financial obligations or make payment to its creditors, it files for bankruptcy. A petition is filed in the court for the same where all the outstanding debts of the company are measured and paid out if not in full from the company’s assets.

In India if you file for bankruptcy it wi.... more

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