What Is Surety?

A surety is a person or company that guarantees to pay a debt or fulfill an obligation if the original debtor or obligor fails to do so. The surety provides this guarantee to the creditor in exchange for a fee, which is usually a percentage of the total debt or obligation. What does surety mean … Read more

Call Auction.

A call auction is a type of trading process in which security prices are determined through an auction-like process. Call auctions are typically used for securities that do not trade on a regular basis, such as bonds and some types of derivatives. The call auction process generally works as follows: 1. A trading period is … Read more

Racketeering: Meaning, Types, and Examples.

What is Racketeering? Racketeering is a term used to describe illegal or unethical activities conducted for financial gain. Examples of racketeering include bribery, money laundering, and fraud. What is racketeering and money laundering? Racketeering generally refers to criminal activities that are carried out as part of an ongoing enterprise, such as bribery, extortion, money laundering, … Read more

Human Resource Planning: Meaning, Process, and Examples.

What is Human Resource Planning (HRP)? Human resource planning (HRP) is the process of identifying the number of employees a company will need in the future and ensuring that the company has the right mix of employees to meet its business goals. Why is Human Resource Planning (HRP) Important? Human resource planning is important because … Read more