payment system
Second, online payment industry is growing fast. Still credit cards are dominant method of online transaction, but the usage of accounts to e-mail (such as PayPal) and deferring billing system like Bill Me Later is growing steadily (See exhibit 4). Unlike the reason of industry growth from e-commerce market, this industry’s growth is based on the number of users and their usag
Additional Measures of Leverage
Debt Ratio 1732.3/2707.1 0.63 1842/2686.5 0.68
Debt-to-Equity Ratio 1732.3/974.8 1.77 1842/844.5 2.18
Times Interest Cover 339.4/57.3 5.92 354.2/67.1 5.27
3. Working Capital Management & Short-Term Liquidity
Average Collection Period (130/2537.4)*365 18.70 (139.3/2454.7)*365 20.71
Average Payment Period (127/1643.7)*365 28.20 (129.5/1538)*365 30.73
Days Inve
Component of Shareholders’ Equity in a Corporation
Stock – Authorized, Issued, and Outstanding
Authorized shares
shares of stock that are available to issue per its corporate charter
Issued shares
shares of stock that have been offered and sold to shareholders
Outstanding shares
shares of stock that are owned by stockholders
Treasury shares
shares of
Ⅰ. Introduction : What is Farmland reverse mortgage(FRM)?
Farmland reverse mortgage is a system that guarantees stable life for aged farmers. The government lends aged farmers money in security for their own farmland. This system helps farmer who lack money for old age by securitizing farmland fund. Furthermore, FRM aims to strengthen the farming social safety net. These are purpose of the
in whose favour a credit is issued.
Complying presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.
Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.