Outsourcing Accounts The practice of assigning different accounting duties or activities and responsibilities to outside service providers or third-party businesses is known as accounts outsourcing. For example bookkeeping, payroll processing, financial reporting, and actions linked to compliance. Benefits of Outsourcing Accounts Cost Savings Cost savings is one of the main benefits of outsourcing accounts. By…
Outstanding Judgments The term “outstanding judgment” refers to a court order or judgment that is not followed by the objector. There are many of reasons, including legal troubles, contract infractions, unpaid debt, etc., could cause this. It is basically a notification that there is an outstanding debt that could be enforced until it’s paid. Implications…
Secured Bonds Secured bonds are type of debt instruments issued by corporations, municipalities, or governments to raise capital and this is secured by specific asset owned by the issuer to the bond holder. What make them different from other types of bonds is the presence of collateral. Collateral acts as a form of security for…
Preferred Loans Preferred loans refer to financial products that offer favorable conditions and interest rates to borrowers. These loans are often given to individuals or businesses with a strong credit records and have ability to repay the loan. Preference is given to borrowers who represent a lower risk to borrowers, allowing them to enjoy more…