An evergreen loan is also known as a standing or revolving loan. This loan is typically revolving as it renewed yearly until there is no…

Revenue vs income. Here we will be reviewing Revenue vs income and the difference between both of them. This is because, many people mistake ‘income’…

The question of what is a business can be answered thus, as an organization. Or economic system, where goods and services get. Exchanged for one…

A traditional IRA is an individual retirement account that enables your earnings to grow tax-deferred. With a traditional IRA, you only pay taxes on your…

A soft loan is a loan that has no interest or even a lower market interest rate. This is also known as concessional funding. This…

A loan officer is a representative of a bank that works in a loan. Processing office of a bank, credit union, or financial institution. Who…

A Loan Production Office is a division of a bank office-administration. Where plans and deals concerning loan activities are solely. Administered to. However, it is…

Property Management is the maintaining, handling, and managing of property that is available for lease. It involves the day-to-day activities that are centered around a…

A standby Letter of credit (SLOC) is an agreed document that guarantees a consumer that the bank covers for the repayment if the consumer was…

Loan modification is obtainable in an existing loan. This means that a Loan Modification is an adjustment or change made over the terms of an…