Info on money market

The money market is a financial market where banks and other financial institutions trade in short-term debt securities such as commercial paper (CP), certificate of deposits CDs), repo market (ready forward contracts), treasury bills (TBs), Collateralized Borrowing and Lending Obligations (CBLO) etc. The money market basically provides platform to financial institutions for borrowing and lending…

What are the types of partners we notice in a partnership?

In partnership businesses we find different types partners viz.  nominal or ostensible partner, sub-partner, partner by estoppel or holding out, partners in profits only, minor as a partner, others. The different kinds of Partners that we may normally notice in Partnership Firms are as under. Nominal  Partner: When a well-known personality in the society who…

How to write a cheque?

Writing a cheque seems to be a simple task, but remember, issuing a cheque to a person is equivalent to payment of cash and we find frauds related to cheque are very common. Therefore, no need to mention that writing a cheque in right way is crucial to avoid misuse or dishonor of cheque issued…

What is the difference between partnership at will and fixed term partnership?

The partnership firms can be commonly distinguished as a general partnership and limited liability partnership (LLP). The General Partnership can be further divided into three groups’ viz. partnership at will, particular partnership and fixed term partnership. The agreement for PARTNERSHIP AT WILL is formed for carrying on general business and it does not specify the…