Deductible vs Out of Pocket Maximum Medical insurance policies usually do not cover total medical costs. There are a number of mechanisms that insurance companies use in order to share the burden of payments with the patient. In this article, we take a closer look at two terms that are related to medical insurance; […]
Difference Between Ordinary Annuity and Annuity Due
Ordinary Annuity vs Annuity Due An annuity is a number of payments that may be paid or received by an individual. Annuities are equal amounts that are paid or received over a set period. Examples of annuities include mortgage payments, rent payments, insurance premiums, salaries, retirement benefits, etc. There are different types of annuities […]
Difference Between FII and QFI
FII vs QFI Foreign investment is the process in which an investor from one country makes an investment in the stock markets of another country. Foreign investments are beneficial to a country as it brings an inflow of capital, thereby fuelling expansion, investment, employment and bringing about economic development. However, stringent regulations and requirements […]
Difference Between Rollover IRA and Roth IRA
Rollover IRA vs Roth IRA IRA stands for Individual Retirement Accounts, which are special investment accounts that are designed specifically for individuals who wish to build a retirement fund and manage their investment portfolio. There are a number of different types of IRA including traditional IRA, rollover IRA and roth IRA. There are number […]
Difference Between Recourse and Non-Recourse Debt
Recourse vs Non-Recourse Debt When a bank or financial institution grants loans they require an asset to be pledged as collateral for the loan, which usually is the asset or property that the loan funds were utilized to purchase. The collateral that is pledged to the bank is used by the bank to recover […]
Difference Between Deductible and Premium
Deductible vs Premium An insurance policy is a contract that is signed between two parties; the insurer and insured in which the insured will pay a fee to the insurer who will in return promise to pay for any loss covered in the insurance policy. Insurance policies are taken out by businesses and individuals […]
Difference Between Interim Dividend and Final Dividend
Interim Dividend vs Final Dividend Owners of a publicly traded company are known as the company’s shareholders. Individuals make investments in firms by purchasing shares, thereby becoming shareholders of the firm. The returns that shareholders get from their investment include capital appreciation and dividend income. Dividends are profits that are distributed among the company’s shareholders. There are a […]
Difference Between Foreign Aid and Foreign Investment
Foreign Aid vs Foreign Investment Globalization has resulted in more global trade, increased cooperation among nations, international investments, and global transfer of capital, assets, resources and funds. Foreign aid and foreign investment both involve such transfers of capital, funds, resources, etc. from one country to another. Despite the fact that both foreign investment and […]
Difference Between Accounting Concepts and Conventions
Accounting Concepts vs Conventions At the end of each financial year, financial statements are prepared by firms for a number of purposes, which include summarizing all activities and transactions, review the firm’s financial status, evaluate performance, and to make comparisons between previous years, competitors, and industry benchmarks. The financial statements prepared must be consistent […]
Difference Between Auditing and Investigation
Auditing vs Investigation A firm prepares financial statements in order to examine the current year’s financial performance and to offer a fair and true view of the firm’s financial status. Once the financial statements are prepared it is essential to evaluate their accuracy, and if needed, to conduct further investigation to identify and rectify […]
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