Revocable vs Irrevocable Trust A trust is referred to as an agreement that legally stipulates how people’s assets and wealth are to be managed. A trust that is set up to manage such assets is also valid after a person’s death. It is important to understand the different types of trusts before moving one’s […]
Difference Between Rollover and Transfer
Rollover vs Transfer An IRA or Individual Retirement Account allows an individual to contribute funds towards their retirement and is held by a financial institution, which is known as the custodian. Rollover and transfer are two ways in which the movement of funds to or from an IRA can be done. Despite the fact […]
Difference Between Poor and Poverty and Scarcity
Poor vs Poverty vs Scarcity Poor, Poverty and Scarcity are all terms that refer to a situation in which a person’s necessities are left unfulfilled. Despite the similarities in their concepts there are a number of major factors that differentiate what defines being poor, being in poverty, and facing scarcity of resources. The following […]
Difference Between Labour Intensive and Capital Intensive
Labour Intensive vs Capital Intensive Capital intensive and labor intensive refer to types of production methods used in the production of goods and services. Whether an industry or firm is capital or labor intensive depends on the ratio of capital vs. labor required in the production of goods and services. While capital intensive is […]
Difference Between Deflation and Recession
Deflation vs Recession Deflation and recession are both terms that are used to describe scenarios in which an economy experiences lower demand, low productivity, low output, low investment, higher unemployment and lower household income. A country’s central bank reduces interest rates as a measure to counteract deflation and recession. Despite their similarities, there are […]
Difference Between Diversity and Affirmative Action
Diversity vs Affirmative Action Affirmative action and diversity are both measures that are taken with the aim of encouraging corporations to hire and promote workers from diverse backgrounds. Both diversity and affirmative action focus on eliminating discrimination in hiring minorities including women, differently abled individuals, and other groups of minorities that suffers from discrimination […]
Difference Between Poverty and Inequality
Poverty vs Inequality Poverty and inequality are concepts very much related to one another in that they refer to a situation in which people do not have the ability to fulfill all their needs and wants. While poverty refers to a lack of funds where people are merely trying to survive, inequality is a […]
Difference Between Assessed Value and Market Value
Assessed Value vs Market Value Market value and assessed value are two methods of valuing properties. Individuals need to understand the value of their properties for a number of reasons, which include the payment of property taxes, disposal of the property, purchase of new property, or for other important financial decisions. The article offers […]
Difference Between Depository and Custodian
Depository vs Custodian The roles of a custodian and depository are quite similar to one another. With the development of the financial world, the roles of custodians and depositories are constantly overlapping. There are however a number of main differences between custodian and depository. While custodians merely hold custody of assets and financial securities, […]
Difference Between Mortgage and Home Equity Loan and Home Loan
Mortgage vs Home Equity Loan vs Home Loan Mortgage and home loan are terms that are used interchangeably and, therefore, refer to the same thing. However, a home equity loan is very much different to a mortgage, as it is a second mortgage taken on the house or real estate property, taking into consideration […]
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