Rent vs. buy calculator The decision between renting and buying is a crucial financial choice. Use this handy calculator to find out what decision is best for you. Page written by Ian Hawkins. Last reviewed on June 24, 2024. Next review due October 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of […]
Definition Refinancing in business and finance refers to the process of replacing or restructuring existing debt or financial instruments with a new arrangement. What is refinancing? Refinancing is a strategic financial decision often undertaken to optimise a company’s capital structure and enhance its overall financial health. Purpose of refinancing: Lowering interest rates: One common reason […]
Definition Peer-to-peer lending is a decentralised form of lending that enables individuals or businesses to borrow money directly from other individuals or investors through online platforms, bypassing traditional financial institutions like banks. What is peer-to-peer lending? Peer-to-peer lending creates a marketplace where borrowers are connected with lenders. Key elements of peer-to-peer lending: Online platforms: P2P […]
Definition An overdraft is a financial arrangement provided by a bank or financial institution that allows an account holder to withdraw or spend more money than is currently available in their account, up to a specified limit. What is overdraft? Overdraft essentially provides short-term credit to cover temporary shortfalls in funds. Overdrafts can be a […]
Definition An operating lease is a type of lease agreement in which a lessee gains access to and uses an asset from a lessor for a specified period of time. What is operating lease? An operating lease is akin to a rental arrangement. It allows the lessee to use the asset without taking on the […]
Sales tax calculator Our sales tax calculator can help you determine the the amount of sales tax that should be added to a purchase. Page written by AI. Reviewed internally on June 25, 2024. × Before tax price $ .00 Sales tax rate 0% This calculator is intended for illustration purposes only and exact payment […]
Lease calculator Our lease calculator can help you make informed decisions about acquiring assets, and helping you understand the financial implications and commitments associated with leasing arrangements. Page written by AI. Reviewed internally on June 3, 2024. × Fixed rate Fixed pay Asset value $ .00 Residual value $ .00 Lease term 3 years Interest […]
Page written by Chris Godfrey. Last reviewed on September 24, 2024. Next review due October 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five […]
Page written by Chris Godfrey. Last reviewed on September 24, 2024. Next review due October 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five […]
Definition In business and finance, a liability refers to an obligation or debt that a company owes to external parties, which can include individuals, other companies, or governmental entities. What are liabilities? A liability represents a claim on the company’s assets and is a crucial aspect of the company’s financial structure. Liabilities are recorded on […]
Definition The internal rate of return (IRR) is a financial metric used to evaluate the potential profitability of an investment or project. What is an internal rate of return? An internal rate of return represents the discount rate at which the net present value (NPV) of all cash flows associated with the investment becomes zero. […]
Definition A guarantor is an individual or entity that agrees to take on the responsibility of fulfilling a financial obligation if the primary borrower defaults or is unable to meet their contractual obligations. What is a guarantor? A guarantor’s primary role is to offer assurance to a lender or creditor that a financial obligation will […]
Definition A free market is an economic system characterised by voluntary exchange and competition in which individuals and businesses operate with limited government intervention. What is a free market? In a free market, prices, production, and distribution of goods and services are determined by supply and demand. A hallmark of a free market is competition. […]
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