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What are the types of major types of finance companies?
There are three main types of finance companies:
a. Sales finance institutions which make loans to customers of a certain retailer or manufacturer (for example Ford Motor Credit).
b. Personal credit institutions which make loans to consumers perceived like too risky by commercial banks (for example Household Finance Corp).
c. Business credit institutions which give financing to companies, particularly through equipment leasing and factoring (purchase through the finance company of accounts receivable by corporate customers).
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A pharmaceutical company, named "XYZ", plans to deliver trials to three different clinics (C1, C2, and C3). The trials are used for the emergency treatments so XYZ must fulfill all
Aggregates Method Under the aggregates method of constructing an index number, we could have unweighted aggregates index and the weighted aggregates index. Unweighted Aggr
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Illustration An investor with a 1-year investment horizon purchases a 20-year 5% corporate bond. The prevailing price of the bond is Rs.82.3488 for a yield of 6.2%
Q. How are LIBOR, TIBOR and EURIBOR determined? London Inter Bank Offered rate ( LIBOR) and is the rate of interest at which banks offer funds to other banks in marketable siz
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