Definition: The Delphi Technique refers to the systematic forecasting method used to gather opinions of the panel of experts on the problem being encountered, through the questionnaires, often sent through mail. In other words, a set of opinions pertaining to a specific problem, obtained in writing usually through questionnaires from several experts in the specific field is … [Read more...] about Delphi Technique
Nominal Group Technique
Definition: The Nominal Group Technique is a form of brainstorming, wherein a structured meeting is held among the group members where they are required to find solutions to the problem identified for the discussion. In other words, a systematic and an organized group meeting held among the members to facilitate decision making by properly identifying the problems and … [Read more...] about Nominal Group Technique
Paid-up Capital
Definition: The Paid-up Capital refers to the amount that has been received by the company through the issue of shares to the shareholders. Simply, the money injected into the firm by the shareholders in exchange for the shares purchased by them is called the paid-up capital. The Paid-up capital can be equal to or less than the authorized capital, since, the company may … [Read more...] about Paid-up Capital
Issued Capital
Definition: The Issued Capital refers to the number of shares issued by the company to the shareholders. In other words, the shares allotted or subsequently held by the shareholders is called the issued capital. The Issued capital represents that part of an authorized capital, which a company is authorized to sell through the shares. A company can either sell all its shares … [Read more...] about Issued Capital
Authorized Capital
Definition: The Authorized Capital is the maximum amount of capital that a company can raise through the issue of shares to the shareholders. In other words, the capital amount with which a company is registered with the registrar of the company (as stated in the article of incorporation) is called the authorized capital. Thus, authorized capital is the limit to which the … [Read more...] about Authorized Capital
Soft Landing
Definition: The Soft Landing is the economic condition, when the economy shifts from the rapid growth period to low growth or even flattens, but avoids the recession. In other words, the soft landing describes the rate of economic growth, such that, the economy must grow high enough to avoid the recession and must be slowed down enough to prevent high inflation. The soft … [Read more...] about Soft Landing
Hard Landing
Definition: The Hard Landing is the economic condition, wherein the economy moves sharply from the high growth period to the low growth due to the change in the monetary policy. In other words, the sudden shift in the economy from the period of expansion to recession is called hard landing. Often government intervenes to curb the expansion period that may lead to the … [Read more...] about Hard Landing
Aging Schedule
Definition: The Aging Schedule is a tabular representation of all the bills and invoices along with their respective ages, i.e. the date on which these become due. Simply, all the bills receivables and bills payable are classified along with their date of maturity, to keep a check on which payment or receivable is behind its due date and by how many days. The ranks are … [Read more...] about Aging Schedule
Virtual Banking
Definition: The Virtual Banking is the provision of accessing the banking and related services online without actually going to the bank branch/office in person. Simply, availing the banking services through an extensive use of information technology without any requirement for the physical walk-in premises is called as virtual banking. Any financial institution that offers … [Read more...] about Virtual Banking
Concentration Banking
Definition: The Concentration Banking is the arrangement used by the firms, wherein the funds from all the regional banks in different locations gets concentrated or collected into the single bank account. In other words, a firm has its operations in several parts of the country and in order to ease the complexity of handling multiple bank accounts at different locations, … [Read more...] about Concentration Banking