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A hundi or hundee is a financial instrument that was developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt (bonds, loans); equity (); or derivatives (options, futures, forwards).
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. [a] As a subject of study, it is related to but distinct from economics, which is the study of the production, distribution, and consumption of goods and services.
This accounting definition of assets includes items that are not owned by an enterprise, for example a leased building (Finance lease), but excludes employees because, while they have the capacity to generate economic benefits, an employer cannot control an employee. In economics, an asset (economics) is any form in which wealth can be held.
The job keeps Vick close to his childhood roots. Vick grew up and played high school football in nearby Newport News, Virginia. He then starred in two seasons as a quarterback at Virginia Tech.
Tamil is an agglutinative language – words consist of a lexical root to which one or more affixes are attached. Most Tamil affixes are suffixes. These can be derivational suffixes, which either change the part of speech of the word or its meaning, or inflectional suffixes, which mark categories such as person, number, mood, tense, etc.
An Emmy-nominated investigative reporter claims she was abruptly fired from News12 Long Island after calling out her bosses for treating her differently than her male peers.