difference between Garnishee Order and IT Attachment Order

What is difference between Garnishee Order and IT Attachment Order ?

Before we discuss difference between Garnishee Order and IT attachment order lets understand what Garnishee means. The term “Garnishee” has been derived from the...
Travelers Checks Definition Features and Use

Travelers Checks – Definition, History, Features, Use | How it works?

Travelers Checks Meaning, Definition : Travelers Check is a medium of exchange that can be used as an alternative to hard cash. As per...
Moratorium Period vs Grace Period, Key Difference between Moratorium Period and Grace Period

Difference between Moratorium Period and Grace Period

Moratorium Period vs. Grace Period – These two terms may look similar but there are key differences between Moratorium Period and Grace Period. It...
What is dormant account how to reactivate it

What is Dormant / Inactive Bank Account – How to Reactivate it ?

What is dormant / inactive saving bank account - Often we have to open multiple saving bank accounts with different banks due to various...
Do Amex Travelers Checks Expire - How to Cash Amex Travelers Checks

Do Amex Travelers Checks Expire – How to Cash Amex Travelers Checks

In our last article we discussed about what is travelers check and various features. One of our readers asked a question – do Amex...
Money Laundering Cycle - Principle Layering Integration

What is Money Laundering – Three Methods or Stages in Money Laundering

Money Laundering Definition – Money Laundering is the process used to disguise the source of funds or money derived from criminal activities such as...
Difference between Mortgage and Hypothecation

Difference between Mortgage and Hypothecation

Mortgage vs Hypothecation – Key Differences : Mortgage and Hypothecation, both are used to secure the loan or advance by creating charge on underlying...
What is meant by helicopter money - pros and cons

What is meant by Helicopter Money – Pros and Cons

The term “Helicopter money” may be new for you as its making headlines nowadays. By helicopter money the first scene that may come in...