The TIN, also known as the Nominal Interest Rate, is the rate that banks use and that they communicate to us in loans, Mortgages, loans and deposit contracts, reflecting the payment of interest. A definition of TIN is the fixed percentage that is agreed as a payment concept for the amount of money borrowed. Shows … Read more
Did you know that tax advantages have consequences? Specifically, these effects consist of expenses that the Public Administration must assume since it is it who offers the tax advantages. Hence the economic term tax expenses, the absence of income or negative income received by the Public Administration. What are tax expenses for? Tax expenditures is … Read more
The APR concept, also known as the Annual Equivalent Rate, shows the coste or effective performance of a financial product. Unlike the interest rate, the APR does include bank charges and fees in addition to the compensation received by the owner of the money (usually a bank) for temporarily assigning it. The term APR contemplates … Read more
The definition of acid test, known in English as quick ratio, is the accounting ratio that indicates the liquidity o solvency of a short-term company. The assets of the business and how they are financed are reflected in the company's balance sheet. You can check if there is any mismatch in the accounts if there … Read more
The concept of transfer rights refers to a case of transfer of a business premises made by the lessee of the same to a third party, who is subrogated in the obligations and rights arising from the previous lease contract. This transfer involves the replacement of one tenant by another. The right of transfer maintains … Read more
The meaning of treasure letter are those titles of public debt short-term issued by the Public Treasury with the objective of financing the déficit public. They are considered one of the main sources of funding for the states. How do Treasury bills work? Having the security of a government and a period of expiration Very … Read more
The concept of temporary contract refers to the employment relationship that is established between the worker and the employer to carry out an activity in exchange for a salary for a specified period of time. Depending on the hours they include, we can find full-time temporary contracts, if you work 40 hours a week, or … Read more
The International Bank Account Number (IBAN) is a unique bank account identifier validated by European regulations, specifically by the European Committee for Basic Standardization. Thanks to the IBAN code of a bank account, banking operations are not only easier internationally, but the data and transactions carried out follow the same pattern in one country as … Read more
Who said that in the world of marketing nothing is possible? The concept of trade marketing is not very far from this reality, as it is usually one of the essential points within this science. Trade marketing is the set of techniques and strategies aimed at making a point of sale as attractive as possible … Read more
The definition of social responsibility – a term also known as corporate social responsibility or corporate social responsibility – refers to the initiatives of the company itself to evaluate and assume responsibility for the effects of its production on social and environmental well-being. It is also understood that the concept of social responsibility goes beyond … Read more
