The current account balance is an accounting document that details the way in which a country relates to abroad. This balance is divided, in turn, into a series of subtypes: the balance of goods and services, the income balance and the balance of current transfers, which is the one that includes current transactions that do … Read more
Electronic banking, or also called virtual or online banking, is a service provided by financial institutions whose mission is to allow their clients to carry out operations and transactions with their products autonomously, independently, securely and quickly over the Internet. Among the most typical transactions that can be carried out through this service Bank electronics … Read more
Bankruptcy is understood to be the legal situation in which a person, a company or an institution cannot meet the payments that it must make to its creditors, since these are higher than the economic resources it possesses (assets). The person, whether physical or legal, who cannot assume these payments is known as "failed" or … Read more
The balance of payments is an accounting document in which all the economic transactions that have been carried out between a country and the other countries of the world during a period are collected. The balance of payments in macroeconomics shows the relationship that exists between what a country invests abroad, and the investment that … Read more
Bank reconciliation is a very important concept in accounting. The concept of bank reconciliation is based on the comparison and verification of the accounting data of the company with the data that the bank has on our income and expenses in treasury. It is done with the maximum objective of being able to balance the … Read more
The term comes from the word "bullion" which means ingot, introduced in the mercantilist thought of the Modern Age. Specifically, thebullionismo It is an economic theory that measures the wealth of a country depending on the amount of precious metals it has. Likewise, bullionism is a mercantilist current and recognizes other variants similar to it. … Read more
Back office is a part of the structure of the company. It is called the back office as opposed to the front office. Understanding by the latter, those departments such as sales, commercial etc … that generate income and are visible by being in direct contact with the client. What are the functions of the … Read more
The commissary is a kind of supermarket or establishment in which the people of a certain group can go and buy products at a lower price than those offered in a regular market. The groups, as we have commented, can be of various kinds: from workers who work in the same company, prisoners in a … Read more
We usually use the term black market colloquially, to refer to those economic activities that are carried out clandestinely or outside the law. However, in economic terms the definition of the black market is somewhat broader. The concept of black market has appeared in history related to states and governments that exercise excessive control. About … Read more
Bank acceptance is a loan short-term that is made to an exporter or importer in order to facilitate the international trade. In order to carry out a bank acceptance, you start with a letter of credit that supports an international transaction. Once it is finished, its face value must be paid in the future. Bank … Read more
