Business Info

subsequent payments of premium
Thirty days” grace are usually allowed for
subsequent payments of premium. It is custo-
mary for insurance offices to forward to each
policy holder a reminder, from one to four weeks
before the periodical payments for premium
become due, but the absence of any such notice
will not be accepted as an excuse for non-pay-
ment, and if the premium be not paid before the
thirty days” grace allowed have expired, the
policy becomes void. It may, however, be re-
vived upon paying a fine and producing a
medical certificate of health.

Tags: financial planning, economy, mortgage

at the Bank of England himself accompanied
by his broker, and then and there have the
transfer made and the money paid
In order to sell stock the holder may attend
at the Bank of England himself accompanied
by his broker, and then and there have the
transfer made and the money paid. But this
would be unusual and held to imply mistrust,
without perhaps occasion for it. The safest plan
is for the holder to instruct his bankers to carry
out the transaction, and give them a Power of
Attorney to enable them to do so. A special
form of power is provided by the Bank of Eng-
land, the cost of which is 11s. 6d. The Inscribed
or Registered Stocks of most of the Colonial
Governments are dealt with in the same way, as
well as Indian stocks and the stocks of many of
our larger towns. The account of an investor
may be added to or diminished at any time with-
out difficulty or delay.

Tags: accounting, finance, market

out the word “bearer” and substituted the word
“order
‘You see,’ says the cashier, ‘I have struck
out the word “bearer” and substituted the word
“order.” This will oblige Miss Tucker to sign
her name on the back of the cheque (technically,
to “endorse it”) before it can be paid. Your
initials are required to confirm the alteration.*
I have also drawn parallel lines across the
cheque, which makes it what is termed “a
crossed cheque,” and a crossed cheque cannot
be cashed direct, but must be paid into an
account at a bank. So you see you will have
the signature of Miss Tucker, proving that she
has been paid her bill by means of this cheque;
and it is obvious that by crossing the cheque,
should it be lost and made an improper use of,
there would be no difficulty in tracing through
whose hands it passed.’

Tags: cash, cash flow, accounting

Marketing w/ PowerWeb (Mcgraw Hill/Irwin Series in Marketing).

publisher: McGraw-Hill/Irwin
, released: 28 March, 2005

price: $138.35 (new), $59.95 (used)

Tags: business strategies, finance, markets

especial care is necessary in observing the con-
ditions of re-payment
When investing in Colonial or Foreign bonds,
especial care is necessary in observing the con-
ditions of re-payment. Sometimes it is at the
option of the borrower, but usually at a certain
specified date. Neglect of this precaution may
lead to an investor purchasing at a premium,
and sooner than expected being paid off at par.

Tags: business plan, cash flow, business strategies

Managerial Economics, Sixth Edition.

publisher: W. W. Norton & Company
, released: December, 2004

price: $117.48 (new), $84.76 (used)

Tags: accounting, cash flow, market

value their peace of mind, would do well to
avoid investing their money in bank shares
Individuals of a timorous disposition, if they
value their peace of mind, would do well to
avoid investing their money in bank shares.
There are banks whose position and stability
are above suspicion, and which return handsome
dividends to their shareholders; but there have
been cases of banks, enjoying unlimited confi-
dence, which have unexpectedly collapsed and
overwhelmed their shareholders in ruin. The
nervous person, therefore, who could not read of
the collapse of a bank without a fearful appre-
hension that his own would be the next to go,
had better be content with a smaller rate of in-
terest and a tranquil mind therewith. The more
sanguine investor who desires a good rate of
interest for his money, and has a contempt for
contingencies, should at least have some know-
ledge of accounts, and be able to form some
estimate of the position of a bank from the
annual balance-sheet, and should carefully
ascertain what immediate contingent _liability
he would be_ subject to in the event of collapse.

Tags: loan, finance, financial planning

person may leave behind him a sum of money
for the benefit of those who, during his life, have
been dependent upon him
A simple life insurance is that by which a
person may leave behind him a sum of money
for the benefit of those who, during his life, have
been dependent upon him. For example, a
husband, whose income is entirely derived from
his own exertions, desires to make some pro-
vision for his wife and children in the event of
his dying before them. At the age of thirty he
may, by paying 25 a year to an Insurance
Office, secure at his death, whenever it may
happen, 1,000, for the benefit of his wife or chil-
dren, or as he may direct by his will. In a way
insurance is a kind of savings bank, but impos-
ing an obligation on the part of the depositor to
save a certain sum every year. In the case of
the bank, the savings are optional, and cease at
death; whereas by insurance, the return of a
large sum is the result of the death of the com-
pulsory depositor. If a person put by 25 every
year and invested that sum in the Government
Funds at 2 1/2 per cent., or deposited the same sum
annually in a bank, at the same rate of interest,
it would take him twenty-eight years to accumu-
late 1,000, if he lived so long; whereas by an
insurance on his life for the same amount, if he
died a week after the first payment of 25 had
been made, the 1,000 insured would be paid to
his representatives. It might be said that if the
person lived longer than the term of twenty-
eight years and went on saving the 25 every
year, he would in the end accumulate more than
1,000. This, however, is met by insuring in
such manner that the insurance carries ‘profits,’
that is, additions made by the gains of the office
from time to time. If insurance be made in this
manner, for which a slightly higher rate of pre-
mium is paid, it will be found that, however long
a person might live, more would accrue at death
by insurance than by saving.

Tags: business plan, business strategies, finance

Date___________________
The Manager,
Blankshire Bank
Address___________________
Date___________________
The Manager,
Blankshire Bank.

Tags: cash, market, investments

lated by the Bank of England, and the ‘bank
rate,’ which is arbitrarily fixed by the directors,
is moved up and down (sometimes for other
reasons than the value of money), and is sup-
posed to be the rate of discount for bills of the best
description
The rate of discount is supposed to be regu-
lated by the Bank of England, and the ‘bank
rate,’ which is arbitrarily fixed by the directors,
is moved up and down (sometimes for other
reasons than the value of money), and is sup-
posed to be the rate of discount for bills of the best
description. It is found in practice, however,
that when there is an abundance of money seek-
ing employment, bills are discounted at lower
rates.

Tags: mortgage, finance, cash