What is Aval?-What is appropriation?-Asset for Asset SWAP?-What is Asset-Based Financing?-What is Attachment Order?-What is Average Rate of Return(ARR)-What is Back-to-Back loan?-What is Basic Balance?-What is Beggar-Thy-Neighbor?-What is Bed-and- Breakfast deal?-What is Big Bang?-What is Big Board?-What is Black Monday?-What is Boilerplate?

Q. What is Aval?

A. A sort of endorsement on the back of a bill guaranteeing the payment on presentation. The availsation of the bill is not recognized by law and banks do not endorse billing such manner unless they are requested to do so by the customers of the highest integrity and with a suitable indemnity or acceptable collateral security.

Q. What is appropriation?

A. Money set aside for a specific purpose.

Q. Asset for Asset SWAP?

A. Creditor exchange the debt of one defaulting borrower for debt of another defaulting borrower.

Q. What is Asset-Based Financing ?

A. Method of financing in which lenders and equity investors look principally to the cash flow from a particular assets or set of assets for a return on, and the returns of, their financing.

Q. What is Attachment Order?

A. Order from a court to hold a debtor’s property to prevent it being sold or disposed off until debts are paid. Personal belongings and household goods like useable ornaments/gold , utensils, food , furniture and crokeries in use cannot be attaches as per attachment act.

Q. What is Average Rate of Return(ARR)

A. The ratio of the average cash inflow to the amount invested

Q. What is Back-to-Back loan?

A. A loan in which two companies in separate countries borrow each other’s currency for a specific time period and repay the other’s currency at an agreed amount upon maturity.
Q. What is Basic Balance?
A. In a balance of payment, the basic balance is the net balance of the combination of the current account and the capital account.

Q. What is Beggar-Thy-Neighbor?

A. An international trade policy of competitive devaluations and increase protective barriers where one country seeks to gain at the expense of its trading partners.

Q. What is Bed-and- Breakfast deal?

A. This term used in investment planning. Under this deal shares are sold on one business day and then bought back the following day in order to establish a capital gain or less for tax declaration.

Q. What is Big Bang?

A. The term applied to the liberalization in 1986 of the London Stock Exchange in which trading was automated with the use of computers.

Q. What is Big Board ?

A. A nick name for the New York Stock Exchange. Founded in 1792, the NYSE is the oldest exchange in the United States. It is located on Wall Street in New York City.

Q. What is Black Monday?

A. The 19th October, 1987 was Monday when world stock markets crashed due to the collapse of the US financial economic and political situation.

Q. What is Boilerplate?

A. Standard terms and conditions.

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