Term assurance provides life cover for a fixed period. If the insured dies within this term, a lump sum is…
Swaps are financial derivative contracts where two parties exchange cash flows or liabilities from two different financial instruments. They are…
Sub-prime loans are mortgages offered to borrowers with poor credit history. They often come with higher interest rates and fees…
The spot market facilitates the immediate buying and selling of commodities or financial instruments at the current market price, known…
Short selling is a trading strategy where investors sell borrowed securities, expecting the price to fall, and then buy them…
Share options grant the right, but not the obligation, to buy or sell a stock at a predetermined price within…
A rights issue allows existing shareholders to buy new shares, typically at a discount. This is a common way for…
A poverty trap is a self-reinforcing cycle where poverty prevents individuals or nations from escaping it. Factors like low income,…
A personal loan is a versatile financial tool that allows individuals to borrow a fixed amount of money, repaid over…
An offshore account is a bank account held in a jurisdiction outside of one's country of residence. It offers benefits…