ECS is an electronic payment system that enables bulk transfer of funds, such as salaries, dividends, and pension payments, from one bank account to another. It’s commonly used for recurring transactions.
This is a document that proves money has been sent from anot...
Basis Points are a way to measure small changes in interest ...
The minimum interest rate set by a central bank, influencing...
The Amortization Method spreads out the cost of an asset ove...
Amortisation refers to the gradual repayment of a debt throu...
A way to calculate interest by adding it to the principal at...
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