WEALTH is the possession of valuable physical and financial assets. It is a form of use for transactions, and is defined as an abundance. The term derives from an Indo-European word stem. It was first used in Old English, and is derived from the Latin word weal. It is a concept that has evolved since […]
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TAX stands for “tax,” and is some type of levy imposed by a governmental organization. A tax is a financial charge that is mandatory and used to fund government spending. Resisting taxation, or evading it, is against the law and is punishable by law. The purpose of taxes is to finance public expenditures. However, there […]
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A loan is a financial agreement between two parties when money is lent to another party under the following terms and conditions. Each party agrees to loan terms before any funds are advanced. A secured loan may only be secured by certain property like a house or it can be unsecured like a credit card. […]
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What is Wealth? In the simplest terms, wealth is defined as having sufficient resources to support one’s needs. This can certainly apply to an individual’s lifestyle, but more importantly, it applies to one’s overall wealth as well. The idea of wealth can also be applied to the accumulation of wealth. Wealthy as a concept has […]
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To invest simply is to put money into an investment with the intention of seeing a return/profit at some point in the near future. Simply put, to invest simply means holding an asset or an object with the intention of making a profit from the investment or both the initial investment and the appreciation of […]
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Are you looking for some quick and easy ways to become rich? Do you want to learn how to get rich quick without spending a dime? If so, then you are in the right place. In this article I am going to teach you how to become wealthy quickly and on the Internet. If you’re […]
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TAX stands for Tax Administration. A tax is any type of legal levy or financial burden imposed upon a taxpayer by an administrative body designed to finance various public expenditures and government spending. A tax may be imposed for any purpose including the payment of debt, payment of interest and taxes, or repayment of principal […]
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Investment is very similar to savings. The basic difference is that savings is an obligation to lend against a current asset (a stock, bond, mutual fund, etc. ), and in most cases, an interest rate is charged on the cash that is lent. On the other hand, in investment, you are basically investing with the […]
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A tax assessment is a necessary financial burden or any other sort of tax levied on a taxpayer by some governmental agency in order to support various public needs and government expenditure. Failure to repay, in addition to evasion or refusal to pay, the tax on these occasions is punishable by law. Taxation is the […]
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Finance is a broad term referring to things about the study, production, management, and investment of funds and securities. This includes the financing of goods and services by a company, the provision of banking and other financial services by a bank, the collection and disbursement of monies collected for these purposes, and the management of […]
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