What are on-chain transactions?

On-chain transactions are those that are recorded on the blockchain. This is in contrast to off-chain transactions, which are not recorded on the blockchain. On-chain transactions are permanent and cannot be reversed, while off-chain transactions can be reversed or cancelled. Because of this, on-chain transactions are considered to be more secure. However, on-chain transactions can … Read more

Insurance Underwriter: Definition, What Underwriters Do.

What is an Insurance Underwriter? An insurance underwriter is a professional who assesses insurance risks and decides whether or not to provide coverage. Underwriters also determine the terms and conditions of coverage. What is the difference between insurer and underwriter? An insurer is a company that provides insurance coverage to policyholders. An underwriter is a … Read more

Availability Float Definition.

Availability float is the amount of time that elapses between when a check is deposited into a bank account and when the funds become available for withdrawal. The float period gives the bank time to verify that the check is legitimate and that the funds are available. The length of the float period varies depending … Read more

What are consumer goods?

The definition of consumer goods are those final goods in the production process of a economía. They are designed to directly meet the needs of people. There are several classes of economic goods depending on the role they play: Capital goods: used to produce other goods. Intermediate goods: through its transformation other goods are obtained. … Read more

What is a budget?

The concept of budget refers to the set of forecasts and resources that a company has. The accounting budget itself is the company's forecast to face its expenses and payments and predict the future based on the economic results obtained and their cash flows. Within this definition of budget the financial control or expense control … Read more