A mortgage moratorium is an offer by the bank to a customer to defer mortgage payments for a specified period of time. The moratorium is always subject to a series of circumstances that affect the client’s ability to pay. A mortgage moratorium is an offer a bank makes to a customer, in which he is … Read more
One of the big questions employers often ask when filing for bankruptcy is how long or how long. The process can be tedious and impertinent, especially for those who expect to collect something from it. For this reason, we are going to clear up the doubt about how long this time can be, so you … Read more
We are going to see the difference between leasing and renting, which are two similar financing options that are increasingly frequent but that have some differences. Firstly, both consist of the long-term rental of an asset, which is usually a vehicle, a building, or technological equipment. Both leasing and renting are only offered for new … Read more
What is the difference between a credit and debit card? The difference between a credit and debit card is how you pay for a purchase, with the debit card the amount is charged directly to your own account and with the credit card you can defer it and pay it in the future, generally the … Read more
If you are applying for your first credit card or are comparing one of them with others to find the best interest rate. You should first familiarize yourself with the major credit providers in the United States. Among them is JP Morgan & Chase, more commonly known as Chase, which provides banking and credit card … Read more
Amazon offers six consumer credit cards, as of December 2010. The various cards offer incentives like airline miles, cash rewards, and credit on Amazon.com. Most credit cards are managed by Chase Bank, and most work like a regular credit card, allowing it to be used anywhere Visa credit cards are accepted. A card, the Amazon … Read more
The dependency theory is a theory that denies the benefits of international trade proposed by the classical school and explains underdevelopment through the subordination or subjugation that occurs to developed countries. Undoubtedly, this theory tries to find a theoretical answer to why there was an economic stagnation in Latin American countries in the twentieth century. … Read more
The cash pool (or cash pooling) it is a centralized cash management strategy that pursues the objective of balance the accounts of the subsidiaries of a group. Its ultimate goal is to optimize the condition and management of the treasury by overcoming the imperfections of financial markets with lower financial costs. In the case of … Read more
When you decide to live in Canada you need to have a good credit history if you plan to rent or buy a house, buy a car or even to borrow. When you start building your history it is important to keep your financial affairs in order, so that you can establish yourself in a … Read more
The base salary is the amount of money set by agreement between parties that a person earns as a result of their work done during a certain period of time. In other words, the base salary is the fixed and principal amount of a salary. Thus, it is usually the most important part of the … Read more
The nominal salary is the amount of money received by an employee, which appears on the payroll, as a result of the work done during a certain period of time. The nominal salary is simply that, the amount agreed to pay for the services provided. So, if the salary for the services you provide is … Read more
The real salary is one that reflects the amount of goods and services that can be acquired with a certain nominal salary. In economic terminology, there are two terms to refer to the salary a person receives. This is nominal salary and real salary. The nominal salary is the amount of money allocated, it is … Read more
A SEPA transfer consists of sending a certain amount of money so that the payer and recipient of said payment are within the territory defined as SEPA zone. The methodology of any transfer SEPA it’s based on Bank transactions within the Eurozone. In addition, there are additional countries participating in that monetary framework and operating … Read more
A cost scandal is a measure of the economic performance of a particular product. It allows to establish sales prices appropriate to the production costs and that maximize benefits for each unit sold. Through a cost scandal every company has the possibility of calculating the cost of a good or service it offers, taking into … Read more
Cashback allows customers of a Bank they can request money, and withdraw it in some stores when they make a purchase. This way of withdrawing money allows users not to have to go through an ATM to get it. There are establishments that establish agreements with entities that make this way of getting cash available … Read more
A bazaar is a market where a multitude of products are for sale and it is common to find it in Eastern and Arab cities. The bazaars have become true economic outbreaks in these countries. There are permanent bazaars, and others that agglutinate in a timely manner at a certain point in the city enabled … Read more
A hypermarket is a self-service establishment where retail products are sold, and whose surface area exceeds 2500 square meters. In this type of establishments, consumers can choose the products they want, and include them in their shopping carts. At the end, there is a cashier service where they can pay for the purchase that has … Read more
Cheating is to reduce, or lower the price of something in particular. This term serves to indicate that some product, or service has been lowered in order to increase its sales in most cases. That prices are lowered has a lot to do with human behavior. If products are purchased from a certain company that … Read more
A minimum viable product is the version of a product that includes a series of fundamental characteristics to quickly know the response of the market to which it is aimed. The objective of a viable minimum product is to avoid creating a large number of products that do not satisfy the public it is intended … Read more
The mere existence on a company’s balance sheet of accounts receivable or accounts payable is synonymous with commercial credit, whether the company extends credit to its customers (in the first case) or receives credit from suppliers. (In a second). Extending business credit is more complex than its definition implies. There are multiple purposes, consequences and … Read more
Wells Fargo Address Change Simply log in to the Wells Fargo Online Internet Banking and access Update contact information to check your email addresses, phone numbers and mailing addresses. If your new address is outside the United States, log in to the Wells Fargo Online Banking and go to Email us via the Security and … Read more
Why save your money at home if you can open a bank account? These types of accounts can offer you many advantages. However, it can be difficult to choose among so many banking options. Well, you should know that Wells Fargo is one of the four largest banks in the United States. Therefore, here are … Read more
Cancel Wells Fargo Account If you need or want to close your account, the following information will be useful to complete your application. Prepare your account to close it: The account must have a positive or zero balance. All deposits and outstanding items must have been registered. Contact us to close your account: Call us … Read more
Are you interested in opening a bank account in the United States? Even if you don’t have a Social Security number or if you are undocumented, you can have a bank account in the USA. We show you step by step how to open a bank account in the US, even if you do not … Read more
If you need the route number, also known as ABA or in English routing number , you can find it in the table below. The Wells Fargo route number identifies Wells Fargo as a bank in that region and allows you to send or receive money by electronic transfers. The Wells Fargo route number also serves … Read more
Direct deposit ( direct deposit ) is a better way to receive your salary in the bank without having to exchange or receive a check from your employer, employment or social security. By activating direct deposit you receive your money faster and in a more effective way. Direct deposit allows you to save monthly charges … Read more
Wells Fargo is one of the largest banks in the United States. With around 5,437 branches and 13,000 ATMs, it has the largest physical presence of any bank in the US. If you need to make an inquiry or process in person at this prestigious financial institution, it is very likely that you will ask … Read more
The letter of credit is an international means of payment issued by a commercial bank. Letters of credit are documents issued by commercial banks to guarantee the payment of merchandise. This indicates to the seller or exporter that, in compliance with the conditions of the contract, the issuing bank is responsible for the disbursement of … Read more
The command unit is a management principle coined by Henri Fayol, which indicates that an employee must receive orders from a single superior. One of the 14 principles of Henri Fayol’s administration is the command unit. The importance of this principle is that its absence can affect the other principles. Principles such as authority and … Read more
The chain of command is the relationship that exists between the set of superiors on whom information flows and decision making. The chain of command is related to the command unit. The command unit states that each employee receives orders from a single superior. The chain of command concept is an even broader concept than … Read more