Working capital is money available to a company for day-to-day operations. Simply put, working capital measures a company's, liquidity, efficiency and over all health. Because it includes cash, inventory, accounts recievable, accounts payable, the portion of debt due within one year, and other short term accounts, a company's working capital reflects the result of a host of company activities, including inventory management, debt management, revenue collection, and payment to suppliers.
A loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent. Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.
Construction loans usually run for six months to a year and carry an adjustable interest rate that resets monthly or quarterly. In addition to points and closing costs, lenders charge a construction fee to cover their costs in administering the loan. (Construction lenders pay out the loan in stages and must monitor the progress of construction). In shopping construction loans, one must take account of all of these dimensions of the "price".
Balance transfer of loan is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also better features. Almost every type of loan - auto, personal, home, education has a balance transfer facility and almost all banks have this facility.
A card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made and borrowing limits are pre-set according to the individual's credit rating.
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