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, 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...
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 / 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
In our last article we discussed about what is travelers check and various features. One of our readers asked a question – do Amex...
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
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
The term “Helicopter money” may be new for you as its making headlines nowadays. By helicopter money the first scene that may come in...