Difference Between Pledge, Hypothecation & Mortgage
Banking, Business, Commerce

Difference Between Pledge, Hypothecation and Mortgage

Pledge: Pledge is an actual delivery of rights (documents) as well as the possession of the goods/property to the. bank against certain loan. The ownership of the property remains with the pledger (customer). In case of non-payment the banker serves a notice for the fact and afterwards can sell the goods. Hypothecation: In case of hypothecation goods are made available…

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Types of Customers in Bank
Banking, Business

Types of Customers in Bank

Following are the major kinds of bank’s customer. Individual Customer Joint Customer Trustee Business Organizations Non-Trading Concerns Government Organization 1. Individual Customer: Any person literate or illiterate but not a lunatic, mental patient, drug addict or bankrupt etc. can open an account with bank. The bank demands a photograph from an illiterate person and he also requires thumb expression on…

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MONETARY POLICY VS FISCAL POLICY
Banking, Business, Commerce, Differences, Economics

MONETARY POLICY VS FISCAL POLICY

MONETARY POLICY NEED FOR: If the monetary system of the country is unorganized then the balance of demand and supply of credit disturbs. Due to which the economic system of the country faces many difficulties. If the amount of credit increases in any country the country becomes inflation stricken, which leads to the problem of dearness. However, if the amount…

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Types of Writs
Law

Types of Writs

Meaning of Writ; A written command, precept or formal order issued by a Court.   Traditional English writs-Following are the traditional English Writs:                                                                Mandamus Prohibition Certiorari Habeas Corpus Quo Warranto Mandamus. Writ of Mandamus is to direct a person performing functions in connection with the affairs of the Federation, Provincial or a Local Authority to do anything which he is required…

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Central Bank and Commercial Bank
Banking, Business

Difference Between Central Bank and Commercial Bank

Central Bank: Central bank is an institution which is charged with the responsibility of managing the expansion and contraction of currency and credit for the maximum welfare of the country. Central bank basically works for the fulfilment of financial needs, economic stability and for the growth of banking system. The objective of central bank is not to earn the profit…

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Literary Characteristics of the Puritan Age
English

Literary Characteristics of the Puritan Age

There was a strict religious supervision of literary and moral standards by the Puritans. The general mood in Literature was dark and there was a lack of political stability. The spirit of Renaissance and high Elizabethan standards was declining, despite the fact that King James I was himself a very learned man with a keen interest in literature. There was…

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THE PURITAN MOVEMENT
English

THE PURITAN MOVEMENT

An Excerpt from English Literature by William J. Long 1. In its broadest sense the Puritan movement may be called a second and greater Renaissance, a rebirth of the moral nature of man following the intellectual awakening of Europe in the fifteenth and sixteenth centuries. In Italy, whose influence had been greatest in Elizabethan literature, the Renaissance had been essentially…

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