Compare the Difference Between Similar Terms
Difference Between
Posted byAdmin
银行与金融银行业和金融业是两个different matters of subject, collectively referring to the services provided by banking and non-banking financial institutions. The two terms are easily confused as the same thing but are quite distinct in terms of the content of the services provided by banking and non-banking financial institutions. The […]
Posted byOlivia
Bank Rate vs Repo Rate There are financial instruments in the hands of apex or central banks of the nations to control money supply and thus, inflation and many other monetary situations in the economy. Bank rate is one such tool that controls the amount of money in the economy and is regularly used by […]
Posted byOlivia
Repo Rate vs Reverse Repo Rate If repo and reverse repo are new words for you, it is logical to first learn something about repo rate, because it becomes easier to understand reverse repo rate then. It may come as news to many, but it is a fact that even banks face shortfall of funds […]
Posted byAdmin
Bank vs Banking Bank is an organization or a company like any other company, which sells and buys goods and services in the market. The main difference between other companies and banks is that, other companies are trading goods and services for money, but in the case of bank the trading item itself is MONEY, […]
Posted byOlivia
Good Credit vs Bad Credit Good credit and bad credit are both money that you have taken from a bank or from any lender for some purpose, and that purpose and the rate on which you borrowed only determine whether it’s good or bad. Credit used to be a word with bad connotations in earlier […]
Posted byOlivia
Direct Debit vs Standing Order Direct Debit and Standing Order, are two banking terms that have long been confusing among people. These banking terms direct debit and standing order are used in connection with withdrawal from your bank account. Money is automatically withdrawn in favour of another account from your account through both these instruments. […]
Posted byOlivia
Fortnightly vs Monthly Loan Repayments Fortnightly and Monthly Loan Repayments are the same by all means except for the frequency of the repayment schedule that results in reduced interest payment and thus reduce the loan term. When you borrow money from a bank or any other financial institution for that matter, the most common form […]
Posted byAndrew
FHA vs Conventional Loans FHA and Conventional loans are two kinds of loans available to a home buyer in United States. With increasing property prices, it is becoming harder to buy a home these days. To compound the misery of the people, interest rates are also on the upswing. To avail a mortgage from a […]