Comprehensive vs Collision (Insurance) Comprehensive and collision coverage are two terms that frequently surface when discussing auto insurance. Comprehensive coverage and collision coverage help protect the vehicle against losses and damages that may arise from vehicle usage. While neither of the two may be mandated, such coverage could be deemed essential to a bank […]
Difference Between Domestic and International Business
Domestic vs International Business Trade is the buying and selling of goods and services. Trade may occur within domestic borders or among countries internationally. In today’s modern world companies generally trade in local and international markets so as to increase the market size to which products and services can be offered. Local firms also […]
Difference Between American and European Options
American vs European Options Options are financial derivatives that obtain their value from an underlying asset. Options give the buyer of the option the right but not the obligation to buy or sell a financial asset at an agreed on price on a predetermined date. There are two different types of options that include […]
Difference Between Nifty and Sensex
Nifty vs Sensex The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are two of the most prominent stock exchanges in India, in which majority of the country’s equity trades are conducted. Sensex is a stock index that is used by the BSE, and Nifty is one of the indexes that are used […]
Difference Between Condition and Warranty
Condition vs Warranty Companies frequently conduct business transactions with consumers and other firms. In order to conduct transactions in a safe manner it is important to write up a contract for sale of goods which will lay out the terms, conditions, rights, and legal implications that surround the sale. Conditions and warranties are two […]
Difference Between Preferred Stock and Common Stock
Preferred Stock vs Common Stock Public corporations gain capital by selling stock to the public. When an investor purchases the company’s stock they are investing their funds in the company and will become one of the many stockholders of the firm. Both common stock and preferred stock represent a claim of ownership in a […]
Difference Between NASDAQ and NYSE
NASDAQ vs NYSE Stock markets are exchanges on which securities are traded among buyers and sellers. There are a number of stock markets that operate around the world, out of which the New York Stock Exchange (NYSE) and NASDAQ are two prominent stock markets in the United States. Both these exchanges oversee a majority […]
Difference Between Mitigation and Contingency
Mitigation vs Contingency Risk management is defined as the identification, assessment, and prioritization of risks or the effect of uncertainty in investment decision making. It is very important to manage risk to avoid unbearable losses or bankruptcy. Mitigation and contingency are two strategies that are used in the management of risk. Risk mitigation and […]
Difference Between Financial Accounting and Cost Accounting
Financial Accounting vs Cost Accounting Accounting is divided into two main categories known as financial accounting and cost accounting. Financial accounting is mostly used for external reporting purposes, in which financial transactions are recorded according to the generally accepted accounting principles. Cost accounting is mostly used for internal purposes where financial information is recorded […]
Difference Between Assessment Year and Financial Year
Assessment Year vs Financial Year There comes a time of year where individuals and corporations have to file their income tax returns. It is during this time that the terms financial year and assessment year are discussed in great detail. It is important to understand the meaning of financial year and assessment year for […]
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