definition

Earnest Money Definition

What Is Earnest Money?

Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal, and inspections before closing. In many ways, earnest money can be considered a deposit on a home, an escrow deposit, or good faith money.

Understanding Earnest Money

In most cases, earnest money is delivered when the sales contract or purchase agreement is signed, but it can also be attached to the offer. Once deposited, the funds are typically held in an escrow account until closing, at which time the deposit is applied to the buyer’s down payment and closing costs.

Key Takeaways

  • Earnest money is essentially a deposit a seller makes on a home they want to purchase.
  • A contract is written up during the exchange of the earnest money
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At The Money (ATM) Definition

What is At The Money (ATM)?

At the money (ATM) is a situation where an option’s strike price is identical to the price of the underlying security. Both call and put options can be simultaneously ATM. For example, if XYZ stock is trading at $75, then the XYZ 75 call option is at the money and so is the XYZ 75 put option. An ATM option has no intrinsic value, but it may still have time value prior to expiration. Options trading activity tends to be high when options are ATM. 

Understanding At The Money

At the money is one of three terms used to describe the relationship between an option’s strike price and the underlying security’s price, also called the option’s moneyness. Options can be in the money (ITM), out of the money (OTM), or at the money. ITM means the option has intrinsic value. OTM means the option

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What is a PC – Personal Computer? Webopedia Definition

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By Vangie Beal

There are two generally, similar and accepted meanings of the phrase personal computer (PC):

1) PC is short for personal computer or IBM PC. The first personal computer produced by IBM was called the PC, and increasingly the term PC came to mean IBM or IBM-compatible personal computers, to the exclusion of other types of personal computers, such as Macintoshes.

2) A personal computer (PC) may also refer to any small, relatively inexpensive computer designed for an individual user. In price, personal computers range anywhere from a few hundred dollars to thousands of dollars. All are based on the microprocessor technology that enables manufacturers to put an entire CPU on one chip.

In recent years, the term PC has become more and more difficult to pin down. In general, though, it applies

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Finance dictionary definition | finance defined

See also dues and payment; economics; money.

acceptance
1. the acknowledgment of a bill of exchange, in writing across the back, binding the acceptor to make payment.
2. the bill so endorsed.
actuary
a statistician of an insurance company who calculates risks and premiums.
agio
1. the exchange rate between the currencies of different nations.
2. the fee paid to effect an exchange of currency. See also agiotage.
agiotage
the business of trading or speculating in foreign exchange. Also called agio.
amortization, amortizement
the paying off of a debt in equal installments composed of gradually changing amounts of principal and interest.
annuity
an investment that bears a fixed return yearly, for a fixed period or for the life of the recipient.
bursary
the treasury, especially of a college. See also learning.
cambism
cambistry. —cambist, n.
cambist
1. a dealer in bills of exchange.
2. a handbook

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Finance financial definition of Finance

Decline was also recorded in the first quarter of this year in the income of WOM Finance to Rp 332.8 billion from Rp 355.16 billion in the same period last year.
Technology has also enabled the globalization of finance. It’s now possible to perform many of finance‘s core activities in a single, and often low-cost location–such as India or the Philippines, where labor rates are much lower than they are in, say, the U.S.
Auto finance is traceable in the beginning of the 20th century, and the manufacturers provided users paymentby instalment.
Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance
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What is Finance? – Definition, Overview, Types of Finance

What is Finance?

Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: (1) personal, (2) corporate, and (3) public/government. This guide will unpack

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Finance Definition

What Is Finance?

Finance is a term broadly describing the study and system of money, investments, and other financial instruments. Some authorities prefer to divide finance into three distinct categories: public finance, corporate finance, and personal finance. Other categories include the recently emerging area of social finance and behavioral finance, which seeks to identify the cognitive (e.g., emotional, social, and psychological) reasons behind financial decisions.

The Basics of Finance

Finance, as a distinct branch of theory and practice from economics, arose in the 1940s and 1950s with the works of Markowitz, Tobin, Sharpe, Treynor, Black, and Scholes, to name just a few. Of course, topics of finance—such as money, banking, lending, and investing—had been around since the dawn of human history in some form or another.

Today, “finance” is typically broken down into three broad categories: Public finance includes tax systems, government expenditures, budget procedures, stabilization policy and instruments, debt

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What is currency? definition and meaning

Tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash.

Types of Currency

What gives currency its value? Depending on the type of money, there are many different ways that value is assigned and handled. These are the types of currency.

Fiat Currency

Fiat currency is, at its core, money that is worth what the government and free market determine it is worth.

It gets its value through fiat. Every developed nation uses fiat currency, because the value can be controlled through monetary policies. Some examples of fiat currency include the American dollar, British pound, and Euro.
Asset Backed Currency

Sometimes, assets like gold and silver are used to guarantee the value of currency. Often, asset backed currencies are made out

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Personnel Management – Definition, Functions, PPT

Personnel management can be defined as obtaining, using and maintaining a satisfied workforce. It is a significant part of management concerned with employees at work and with their relationship within the organization.

According to Flippo, “Personnel management is the planning, organizing, compensation, integration and maintainance of people for the purpose of contributing to organizational, individual and societal goals.”

According to Brech, “Personnel Management is that part which is primarily concerned with human resource of organization.”

Nature of Personnel Management

  1. Personnel management includes the function of employment, development and compensation- These functions are performed primarily by the personnel management in consultation with other departments.
  2. Personnel management is an extension to general management. It is concerned with promoting and stimulating competent work force to make their fullest contribution to the concern.
  3. Personnel management exist to advice and assist the line managers in personnel matters. Therefore, personnel department is a staff department of
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