Finance training in Chandigarh
                     




Finance training in 
Chandigarh


Finance
Financing means that any financial institution (bank, credit union, finance 
company) or any other person is asked to lend you money which you promise to 
repay at some point in the future. ... In other words, financing is borrowing 
money at that time and with the promise of paying some extra fees, or interest.


Present and Future Value of Money

John Bailey has decided to buy a new boat to take his family out on the lake. Boat dealer is selling the boat 
for $ 2,500. However, Mr. Bailey has saved only $ 500 for the boat. Mr. Bailey goes to a finance company and 
finishes the application for borrowing $ 2,000, so they will have enough money to buy the boat.

Once the Sri Bailey application is completed, the finance company reviews its request. They see their credit 
reports, which Mr Bally borrowed in the past, gives details of everyone. They see such things: did he pay 
the debts made in the past? Did he make his payment on time?
Does he just give too many to others and should not be approved for additional funds? These are all 
important questions that before the approval of Mr. Bailey's request it is necessary for the finance company 
to know.

If the loan is approved, then the finance company will give Mr. Bailey the money that he needs to buy the 
boat. Mr. Bailey will sign a promissory note, which is a legal document which states that he will pay the 
loan. Promissory note loan interest rate, the terms of repayment, the amount borrowed, and finally, if the 
debt becomes delinquent, then at any given time the charge details.

      


Types of Finance


Accounting and Finance organization Chart 


CBitss Technologies

For any query about courses Call us now: 9914641983

Address: SCO: 24-25, Piccadilly Road, Sub. City Center, Sector 34A, Sector 23, 
Chandigarh, 160022

Website- http://cbitss.co.in/finance-training-in-chandigarh.html


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