Write a note on unit banking definition

Common measure of value abstract Medium of exchange concrete Standard for deferred payments abstract Store of value concrete General functions mostly macro-economic and abstract Liquid asset Framework of the market allocative system prices A causative factor in the economy Controller of the economy The table above comes from page 27 of A History of Money.

Write a note on unit banking definition

Financial terms Annuity - A payment at regular intervals of a certain sum of money for a term of years or during the life of an individual.

Assets - Everything that a person or company owns or has a right to, from which a benefit can derive. Net assets are assets in excess of liabilities. Liquid assets are assets either in the form of cash or readily convertible into cash.

At call - Funds which can be withdrawn on demand or without notice. Balanced Trust- Balanced Trusts invest in the broadest spectrum of investment markets, including shares, listed property trusts and government securities. The main advantage in making this type of investment lies in the flexibility afforded to their fund managers in being able to alter the investment composition of the trust in the light of changing economic and investment conditions to pursue the best results.

Blue Chip Stock - Shares in a well established company highly regarded in financial circles. Capital Growth- The increase in value of an asset or investment i. Provided the result is positive, not negative Capital Guaranteed - An investment where your money principal is guaranteed safe; usually by a bank, government body, or life insurance company.

Cash Management Trust - A unit trust where investors unit holders pool their money into money market instruments which are normally only available to professional investors with hundreds of thousands of dollars to invest in the money market.

Cash trusts operate with a trust deed, a trustee overseeing activities and a management company responsible for the investment strategy. Compound Interest - Interest which is paid on accumulated interest as well as the original principal invested.

Consumer Price Index C. I - Measures the national inflation rate. The index is measured quarterly December, March, June and September quarters and reflects changes in prices up or down of a fixed "basket" or list of goods and services.

Debenture - A type of fixed interest security, issued by companies as borrowers in return for medium and long term investment of funds. Debentures are issued to the general public through a prospectus and are secured by a trust deed which spells out the terms and conditions of fund-raising and the rights of debenture holders.

Deferred Annuity - An annuity where income payments do not commence i. Dividend - The share of profits distributed to shareholders of a publicly listed company. Dividend Imputation - A tax system, where dividends paid by a taxpaying Australian company to its shareholders, carry a credit for the tax the company has already paid on its profits.

This means that shareholders receive a reduction to the tax normally payable. Eligible Termination Payment ETP - This is the term used to describe lump sum funds received when retiring or changing employment that can be rolled over into an Approved Deposit Fund or Deferred Annuity.

Investment Bonds - A lump sum investment product. Technically, an investment or insurance bond is a single premium lump sum investment, life insurance contract. Maturity - The date on which a debt or other borrowing is due to be repaid.

Negative Gearing- A way of obtaining tax advantages through an investment where the deductible expenses typically including interest exceed the income derived from the investment. Pension - A regular payment made to a person from a superannuation fund or from the Department of Social Security or Department of Veterans Affairs.

Rollover - The renewal of a loan facility or continuation of a deposit at each maturity date, usually including a revision of the interest rates. The term is also used to describe the transfer of Eligible Termination Payments to an acceptable superannuation or rollover fund.

Superannuation - An investment vehicle which operates primarily to provide benefits for retirement. Superannuation savings are usually made through trust funds and if these funds meet prescribed government standards they are eligible for tax concessions.

Term Deposit - Money invested for a fixed term at a fixed rate of interest which applies for the duration of the deposit.

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Unit Trust - A unit trust is an investment which operates under the unit principle enabling investors to share in a pool of professionally managed investments. Common types of investment undertaken by unit trusts are property, shares, mortgages, and the Short Term Money Market.

Adjustments - Amount of property taxes, council and water rates prepaid by the vendor and adjusted at settlement for amounts for which the purchaser will be liable. Amortisation period - Time taken to reduce the value of the debt through payment of regular instalments until the loan has been paid off in full.

Appraised value - An estimate of the value of property offered as security for a home loan.

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The appraisal is undertaken for financial lending purposes and may not reflect the actual market value. Architrave - A decorative moulding around doors or windows. Awning window - A window with sashes that open out horizontally.

Body Corporate - A strata corporation incorporated in relation to land subdivided wholly or mainly for residential purposes under a law providing for strata, cluster, precent or other subdivision of land or whose issued shares give a right to occupy land for residential purposes.

The Body Corporate usually has the responsibility for the management and upkeep of common areas of the property.Adolf Hitler was obsessed with the occult, in his case the Thule Society, closely inter-connected with German Theosophists.

The jolly roger, skull and cross bones, "der Totenkopf" was an emblem worn by Hitler's SS soldiers and was emblazoned on SS armoured cars and tanks (see images on this page).

write a note on unit banking definition

Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback. Additional Information: Depreciate Plant by 15%. Write-off 5,from Preliminary Expenses.

Half year’s Debenture interest due. Create . Dec 17,  · 1. INTRODUCTION & OBJECTIVES The main objective of the proposed solution is to be automated the various functions and activities of .

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash)..

By design, a blockchain is resistant to modification of the data. It is "an open, . In probability theory and statistics, a unit root is a feature of some stochastic processes (such as random walks) that can cause problems in statistical inference involving time series models.A linear stochastic process has a unit root if 1 is a root of the process's characteristic caninariojana.com a process is non-stationary but does not always have a .

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