What is Exempt Income Exempt income refers to the income that is not subject to any tax by…

What is Financial Literacy? Financial literacy refers to the ability of understanding and applying various financial concepts and…

Mutual funds are a popular choice for individuals who want to grow their wealth. But have you heard…

Understanding Book Building Book building is a process used by a company that appoints an underwriter (that is…

Understanding Capital Gearing Capital gearing refers to the ratio of a company’s debt to its equity. Also known…

What is Legal Tender? Legal tender refers to the type of currency that the government has officially declared…

What does LIBOR Mean? LIBOR stands for London Interbank Offered Rate. It is a benchmark for short-term interest…

What is a Capital Account? Capital refers to cash or assets (such as machinery, account receivables, property) of…

What is Income? In simple terms, income refers to the money one gains in exchange for a product…

Introduction to Amortization Amortization is an accounting and financial term that refers to the gradual repayment of a…