Types of Currency
What gives currency its value? Depending on the type of money, there are many different ways that value is assigned and handled. These are the types of currency.
Fiat currency is, at its core, money that is worth what the government and free market determine it is worth.
It gets its value through fiat. Every developed nation uses fiat currency, because the value can be controlled through monetary policies. Some examples of fiat currency include the American dollar, British pound, and Euro.
Asset Backed Currency
Sometimes, assets like gold and silver are used to guarantee the value of currency. Often, asset backed currencies are made out
What is Personal Property?
Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn’t fixed permanently to one particular location. It is generally not taxed like fixed property.
Understanding Personal Property
Personal property is also known as movable property, movables, and chattels. Because it is viewed as an asset, it may be taken into consideration by a lender when someone applies for a mortgage or other loan.
Personal property can be insured for its current, possibly depreciated, value or for what it would cost to replace with a similar new item.
Some kinds of property, such as home appliances, clothing, and automobiles, tend to depreciate in value over time. Other kinds, such as artworks and antiques, will sometimes appreciate in value. When
A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.
The normal activities of daily life carry the risk of enormous financial loss. Many persons are willing to pay a small amount for protection against certain risks because that protection provides valuable peace of mind. The term insurance describes any measure taken for protection against risks. When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions.
In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a
By Vangie Beal
There are two generally, similar and accepted meanings of the phrase personal computer (PC):
1) PC is short for personal computer or IBM PC. The first personal computer produced by IBM was called the PC, and increasingly the term PC came to mean IBM or IBM-compatible personal computers, to the exclusion of other types of personal computers, such as Macintoshes.
2) A personal computer (PC) may also refer to any small, relatively inexpensive computer designed for an individual user. In price, personal computers range anywhere from a few hundred dollars to thousands of dollars. All are based on the microprocessor technology that enables manufacturers to put an entire CPU on one chip.
In recent years, the term PC has become more and more difficult to pin down. In general, though, it applies
When you make an insurance claim, you have usually suffered some type of a loss or your property has sustained damage that is caused by one of the named perils insured by your insurance policy. Your insurance policy provides coverage and compensation to you for covered losses or the damages you sustain as a result of the claims process.
Having more insight about the insurance claim, how companies handle insurance claims and the methods by which you can file insurance claims can take the worry and guesswork out of the insurance claim process and empower you to get the money you deserve in a claim settlement.
Insurance Claims Process Overview
Depending on the type of insurance claim you are making, the process will be different. Home insurance and personal property insurance claims will involve meeting with adjusters, getting approvals for estimates, making repairs, or replacing items. Each of these steps
A finance degree is a type of academic degree awarded to students who have completed a formal finance-related degree program at a college, university, or business school. Degree programs in this area rarely focus on one particular area of finance. Instead, students study a range of finance-related topics, including accounting, economics, risk management, financial analysis, statistics, and taxation.
Types of Finance Degrees
There are four basic types of finance degrees that can be earned from a college, university, or business school:
- Associate Degree: An associate degree with a focus on finance can usually be earned in two years or less. An individual with an associate-level finance degree can often get entry-level positions at a bank or accounting firm, but may need a more advanced degree for supervisory or management positions.
- Bachelor Degree: A bachelor degree in finance can usually be earned in three to four years. This degree is required
Also found in: Thesaurus, Financial, Idioms.
2. Characterized by or sustaining much activity: a busy morning; a busy street.
3. Being a busybody; meddlesome; prying.
4. Being in use, as a telephone line.
5. Cluttered with detail to the point of being distracting: a busy design.
To make busy; occupy: busied myself preparing my tax return.
[Middle English bisi, busi, from Old English bysig.]
of ferrets; ferrets collectively–Bk. of St. Albans, 1486.