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Financial Terms

Electronic Clearing Service (ECS)

This system allows for the automatic transfer of funds from one bank account to another.

Understanding the intricacies of financial transactions is crucial in the world of finance. One such method is the Electronic Clearing Service (ECS), utilized by banks, corporations, and financial institutions for seamless payment transfers. This automated system eliminates the need for manual intervention and enables swift and secure fund transfers between two bank accounts. Let's delve deeper into the workings of ECS and its significance in the financial landscape.

Insolvency

It is a crucial concept in finance, as it can have significant consequences for individuals and organizations. Insolvency can lead to bankruptcy, which involves a legal proce...

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Growth Fund

It is one of the three types of mutual funds, the other two being Income Funds and Balanced Funds. A Growth Fund is a type of mutual fund that is designed to generate capit...

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Articles of Association

The Articles of Association are an essential document that outlines the guidelines and regulations that govern a company's operations. This significant document not only defin...

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Mark-to-market

This technique is commonly used in finance to determine the value of assets and liabilities on a regular basis, providing an accurate representation of a company's financial ...

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