Finance Lease vs Operating Lease A lease is a legal contract that gives the lessee a right to use the asset or product for a specified period of time which is often a large proportion of the useful life of the asset in return for a regular payment to the lessor, who happens to be […]
Difference Between Finance Lease and Hire Purchase
Finance Lease vs Hire Purchase Why own a mango tree when all you are interested in is, eating mangoes? If you are getting the right to live in an apartment, what difference does it make whether you are the legal owner of the apartment or not as long as it is almost guaranteed that you […]
Difference Between Credit Card and ISIS Mobile Wallet
Credit Card vs ISIS Mobile Wallet | Master Card vs ISIS Mobile Wallet | VISA Card vs ISIS Mobile Wallet | AMEX vs ISIS Mobile Wallet Credit Card Payment Systems were introduced in the Global Market for a couple of reasons. Some of the advantages of credit cards are: first you can get some credit […]
Difference Between Loan and Borrow
Loan vs Borrow Loan and Borrow are two words that are often confused due to some sort of similarity in their meanings. Strictly speaking there is indeed some difference between the two words. The word ‘borrow’ is used with the inner sense of ‘take’, whereas the word ‘loan’ is used with the inner sense of […]
Difference Between ETF and Mutual Fund
ETF vs Mutual Fund The manner in which investors are today putting their money in ETF suggests that this investing tool, which was once heralded as the new kid on the investment block, is today giving mutual funds a run for their money. There is a huge variety of both ETF’s and mutual funds in […]
Difference Between Credit Union and Bank
Credit Union vs Bank We all know about banks as we have been to banks ever since we were small kids with our parents and then when we grew up and opened our own savings accounts. We know a little bit about credit unions also; they are financial institutions that work along similar lines and […]
Difference Between RTGS and NEFT
RTGS vs NEFT If you are an Indian, you know how troublesome it was to send money to another account in India earlier. But today, with technologies such as RTGS and NEFT being in place, it is fast, easy and simple to transfer funds electronically. Though, both are electronic fund transfers, there are some differences […]
Difference Between Tax Return and Tax Refund
Tax Return vs Tax Refund Tax return and tax refund are two of the most commonly used terms in almost all tax systems. Tax is a financial charge imposed upon an individual or a legal entity by a state or a functional equivalent of a state, such that, failure to pay is punishable by law. […]
Difference Between RTGS and SWIFT
RTGS vs SWIFT Those who are close to banking industry know about the acronyms SWIFT and RTGS very well. In fact, in modern times when transfer of funds from one bank to another, not just nationally but internationally has become commonplace, people are talking and using these technologies on a much regular basis. While RTGS […]
Difference Between Swiss Bank and Normal Bank
Swiss Bank vs Normal Bank Why would people in all parts of India be attracted to Swiss banks when they have so many banks operating in their own countries? This is one question that is hard to answer as local banking is always easier than banking with a bank that is located so many thousands […]
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