Estimated Recovery Value (ERV).

The Estimated Recovery Value (ERV) is the value of an asset at the end of its useful life. This value is used to estimate the amount of money that can be recovered from the sale of the asset. The ERV is also used to estimate the amount of money that can be recovered from the … Read more

Understanding Branch Banking.

Branch banking is a banking system whereby a bank has a network of branches which are spread out across a geographical area. Customers can choose to bank at any of the branches, and their deposits and withdrawals will be reflected in their account at the main bank. This type of banking is convenient for customers … Read more

What is an underlying asset?

An underlying asset is a type of real or financial asset that is traded on the market. It is used as a reference value for derivative financial product contracts. The quotation In the underlying asset market, it therefore serves as the basis for establishing the value of certain derivative financial products. Types of Underlying Assets … Read more