Key Difference – Annuitant vs Beneficiary The key difference between annuitant and beneficiary is that annuitant is an individual who invests in an annuity with the expectation of receiving a guaranteed income following the retirement whereas beneficiary is a person or a group of persons that receives a benefit or an advantage. It is […]
Difference Between PAN and TAN
Key Difference – PAN vs TAN Tax payments by individuals and corporates is a main source of income for governments. As a result, governments continuously attempt to improve the ways of collecting tax efficiently. PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are two identifiers issued by the Income Tax […]
Difference Between Discretionary and Committed Fixed Costs
Key Difference – Discretionary vs Committed Fixed Costs Fixed costs are costs that do not vary depending on the number of units produced; they consist of a significant portion of the total costs. Discretionary and committed fixed costs are two types of fixed costs often incurred by all types of companies. The key difference […]
Difference Between Annuity and Life Insurance
Key Difference – Annuity vs Life Insurance Both annuities and life insurance should be considered as a part of a long-term financial plan. The key difference between annuity and life insurance is that annuity is a means of retirement plan where an individual keeps aside a lump sum of money to be used in […]
Difference Between Secured and Unsecured Bond
Key Difference – Secured vs Unsecured Bond The key difference between secured and unsecured bond is that a secured bond is a type of bond that is secured by pledging a specific asset as collateral by the issuer of the bond whereas an unsecured bond is a type of bond that is not secured […]
Difference Between Secured and Unsecured Credit Card
Key Difference – Secured vs Unsecured Credit Card Credit cards are issued by financial institutions such as banks, stores, or service providers and customers that fulfill pre-determined criteria are entitled to apply for the same, subject to a credit limit. Credit card balances are rolling, where a portion of the due amount has to […]
Difference Between Callable and Convertible Bonds
Key Difference – Callable vs Convertible Bonds A bond is a debt instrument issued by corporates or governments to investors in order to obtain funds. They are issued at a par value (face value of the bond) with an interest rate and a maturity period. Callable and convertible bonds are two popular types of bonds among […]
Difference Between Controllable and Uncontrollable Cost
Key Difference – Controllable vs Uncontrollable Cost Understanding the cost classifications of controllable and uncontrollable costs is vital in order to make a number of business decisions. It assists businesses to reduce costs and make choices as to whether or not to proceed with a certain decision. The key difference between controllable and uncontrollable […]
Difference Between Avoidable and Unavoidable Cost
Key Difference – Avoidable vs Unavoidable Cost Understanding the cost classifications of avoidable and unavoidable costs is vital in order to make a number of business decisions. The key difference between avoidable and unavoidable cost is that avoidable cost is a cost that can be excluded due to stoppage of conducting a business activity […]
Difference Between Job Costing and Contract Costing
Key Difference – Job Costing vs Contract Costing Job costing and contract costing are two popular methods of specific order costing that are important for businesses that provide a customized product. However, there are a number of differences between the two that should be clearly understood in order to distinguish them from one another. […]
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