difference between convertible and inconvertible money
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What Is the Meaning of Convertible Money, Inconvertible Money, and Representative Money? Currency that you can quickly convert into another type of currency is convertible money. Currency that you cannot convert into another type of currency is inconvertible money.Certificates that you can exchange for a specific quantity of a commodity or a certificate that represents money but is not actually money is representative money.iat money is typically the paper money of a country, such as the U.S. dollar or Japanese yen. A commodity such as gold or silver does not back the value of fiat money, which is subject to devaluation due to economic crises such as hyperinflation.
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Cuban Convertible Peso Cuban Convertible Peso. The Cuban Convertible Peso (CUC) is one of two currencies used in Cuba. The other currency is simply called the Cuban Peso and has been in limited use since 1994. Retail stores and other businesses mainly use the Cuban Convertible Peso. The Convertible Peso can only be exchanged in Cuba itself.
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incremental cash flows Incremental cash flows. Difference between the firm's cash flows with and without a project. The difference between a company's cash flow and its potential cash flow, should it undertake a certain project.
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Convertible A bond or preferred stock that may be exchanged for common stock in the company issuing the convertible at a certain ratio and/or a certain price. A convertible security gives the holder a great deal of flexibility. It reduces risk by guaranteeing a coupon payment or dividend while also allowing the holder to take advantage of a potential, larger return through the ability to convert the security. See also: Convertible option.
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- A laptop computer that folds into a tablet. The screen swivels around and folds back down, turning the machine into a rectangular slate. In tablet mode, the convertible laptop is heavier and thicker than an iPad or Android tablet. Convertible Vs.
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"What is the difference between ""hard money"" and ""soft money""?" Soft Money When cash is contributed to a political party with no limits attached to the amount that can be received, this is known as a soft money contribution.The funds can come from individuals and political action committees as with hard money, but they can also come from any other source, such as corporations.ard Money When cash is contributed directly to a political candidate, it is known as a hard money contribution.
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- 1 Cheques issued on your account and cashed over the counter at a Commonwealth Bank branch may incur a withdrawal fee depending on the account type. 2  If you write a cheque you will incur a $1 fee when the cheque is banked or cashed by the receiving party and the amount of the cheque is debited to your account.
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- M&E Inc. has an outstanding convertible bond. The bond can be converted into 20 shares of common equity (currently trading at $52/share). The bond has 5 years of remaining maturity, a $1,000 par value, and a 6% annual coupon. M&E’s straight debt is currently trading to yield 5%.
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Convertible Term Insurance Convertible Term Insurance allows the policyholder to change the face value of the term policy in force into a permanent form of Life Insurance, such as Whole Life, Universal Life or Variable Life, without any penalties or evidence of insurability.
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Interbank Money Transfer: IBG vs IBFT Interbank Money Transfer: IBG vs IBFT. Effective 2 May 2013, the Interbank money transfer of Interbank GIRO (IBG) transfer charge is reduced to only RM 0.10. However, the Instant Interbank Fund Transfer (IBFT) service charge is reduced to only RM 0.53 (Service fee RM0.50 + GST RM0.03) from Jun 2015. Bank Negara Malaysia (BNM) said that the low IBG fee is a new pricing strategy to promote greater efficiency.
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Chuck (engineering) A chuck is a specialized type of clamp used to hold an object, usually an object with radial symmetry, especially a cylindrical object. It is most commonly used to hold a rotating tool (such as the drill bit in a power tool) or a rotating workpiece (such as the bar or blank in the headstock spindle of a lathe). Some chucks can also hold irregularly shaped objects (ones that lack radial symmetry).
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Definitions &Translations Whilst most countries legal tender is expressed in the form of intangible property, in practice bank notes are now rarely ever redeemed in any country, which has led to bank notes and coins being classified as tangible property in most modern legal systems.
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Calculating Share Price With Outstanding Convertible Notes Using the assumptions above, the price per share for the new investors would be $6.57 per share (mathematical result to arrive at 20% ownership) and the conversion price for the notes would be $4.60 per share ($6.57 minus the 30% discount).
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How Convertible Debt Works Thus, the Qualified Financing event is the trigger by which the convertible debt will automatically convert to equity. The conversion is considered “automatic” because it does not require the vote of either the startup or the investor. The Qualified Securities
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What are Discretionary assets? What is the difference between them and non-discretionary assets? Answers. Best Answer: Money or valuables that can be turned into money easily and are not in use as collateral for a debt, you can spend it if you so choose. Money or valuables that are pledged against a debt, or in trust or locked in like a pension inside an insurance annuity, you can't spend it now.
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- The preferred shareholder can convert his shares into the common stock of the issuer based on a predetermined price. If the market price of the common rises, the convertible's perceived value is generally pushed up as well. The security may act more like a bond in its early years, and more like a stock later on.
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The Difference Between Traveler's Checks & Personal Checks Values Differ. The dollar amount of traveler’s checks and personal checks is determined in different ways. The dollar amount associated with a traveler’s check is a fixed amount. The traveler chooses the denomination at the time he purchases them. The individual using a personal check writes out the check for any amount he chooses.
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- Quick Answer. A solid can turn directly into a gas through a process called sublimation. In this instance, the solid vaporizes without going through the intermediary liquid stage. For example, in the water cycle, this would involve snow or ice turning directly into water vapor without going through the melting process.
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fiat money fiat money (fī`ət, fī`ăt), inconvertible money that is made legal tender by the decree, or fiat, of the government but that is not covered by a specie reserve. It is commonly understood to be of paper, although it may also consist of overvalued metal coins.
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Interconvertible 1 interconvertible Convertible each into the other; capable of being exchanged equivalently, the one for the other: as, interconvertible terms. interconvertible Convertible each into the other; capable of being exchanged equivalently, the one for the other: as, interconvertible terms.
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Glossary of Insurance Terms Convertible Term Insurance Policy - an insurance policy that can be converted into permanent insurance without a medical assessment. The insurer is required to renew the policy regardless of the health of the insured subject to policy conditions.
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What's the Difference Between Bills, Notes and Bonds? By Investopedia Staff AAA |. A: Treasury bills (T-Bills. ), notes and bonds are marketable securities the U.S. government sells in order to pay off maturing debt and to raise the cash needed to run the federal government.When you buy one of these securities, you are lending your money to the government of the United States.y Investopedia Staff AAA |. A: Treasury bills (T-Bills. ), notes and bonds are marketable securities the U.S. government sells in order to pay off maturing debt and to raise the cash needed to run the federal government.
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Chapter6 International Finance Management Currently, the spot exchange rate is $1.45/£ and the three-month forward exchange rate is $1.40/£. In London, the money market interest rate is 2.0% for a three-month investment. There are two alternative ways of paying for your Jaguar. (a) Keep the funds at your bank in the U.S. and buy £35,000 forward.ou should definitely choose to use “option a”, and save $1,266, which is the difference between $49,755 and $48489. 3. Currently, the spot exchange rate is $1.50/£ and the three-month forward exchange rate is $1.52/£.
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Savings Rewards STEEM borrows a concept from the startup world known as a convertible note. Convertible notes come in many forms, but the basic idea is that they are worth $1.00 of shares at a future price. STEEM Backed Dollars (SBD) convert to a crypto-currency rather than to shares in a company. The price used to convert SBD to STEEM is derived from a reliable decentralized price feed.
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- Coins and banknotes are usually defined as legal tender. Some jurisdictions may forbid or restrict payment made other than by legal tender. For example, such a law might outlaw the use of foreign coins and bank notes or require a license to perform financial transactions in a foreign currency.
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The Pros and Cons of a Piggyback Mortgage Loan A piggyback mortgage is when two separate loans that you take out for the same home simultaneously. Typically, the first mortgage is set at 80% of the home’s value and the second loan is for 10%. The remaining 10% is what you pay for a down payment. This is also called an 80-10-10 loan, although it’s also possible for lenders to agree to an 80-5-15 loan or an 80-15-5 mortgage. In either case, the first and second digits always correspond to the primary and secondary loan amounts. Piggyback Mortgage History