What is a Bank Statement?DefinitionA bank statement, also known as account statement, is a financial term used to refer to a confidential document that is sent from a bank to its account holders every...
What is Bank Identification Number (BIN)?Definition A bank identification number (BIN) refers to the first four to six numbers reflected on a bank-issued card. The first digit of the BIN represen...
What is Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...
What is Bank Reserve? Loans are usually given after a corresponding or overly compensating value of the collateral has been signed in. In like terms, bank reserve refers to the bulk of curre...
What is Bancassurance? DefinitionThis refers to the relationship between a bank and an insurance company permitting the insurance company to market and sell its insurance products to a bank�...
What Are Index FundsAn index fund is a group of bonds, stocks and other types of securities that are used in tracking market index. Market index denotes a compilation of securities representing a part...
Apple (AAPL) said on Monday that its quarterly revenue forecast will be affected by the current Coronavirus outbreak in China. The company said the virus caused lower Chinese demand for its iPhones.&n...
On 13th February 2020, Roku Inc (ROKU) submitted its fourth-quarter yearly report which exceeds the estimated value predicted by analysts. The report rise above the expected revenue estimated by analy...
The long-awaited merger of TMobile (TMUS) and Sprint (S) that has been ongoing for more than two years is closed to happening this year. This latest development was as a result of the court order rule...
Nvidia (NVDA), one of the major artificial intelligence and graphics chip makers in the United States, submitted its long-awaited fourth-quarter financial report on 13th February 2020. In the re...