...the debtor’s personal property. In order for a security interest to be legally enforceable it needs to be attached to the goods of the debtor. The UCC [9-203] lists the three basic requirements for attaching the security interest to the goods of the debtor. The first is an agreement where the debtor grants the creditor a security interest in the specific property the debtor has an interest in. Included in the agreement are the terms of default, a reasonable description of the collateral and any provisions the creditor wants to impose on the debtor. In addition the debtor must have rights on the collateral and the creditor must give the debtor value. 2-Creditors would seek to perfect their attachments in order to obtain maximum protection against other creditors. Perfection is the way a creditor attaches his security interest to collateral and obtains protection against other creditors or purchasers of the collateral from the debtor. The bank would write a financing statement against any personal property such as equipment or inventory that Elaine’s business acquired or will acquire in the future. The financing statement must include the names of both the debtor and secured party as well as a description of collateral covered. The bank would then file it with the appropriate public office. While any property acquired in the future would be attached automatically the bank would need to write a new financing statement to perfect the new security interest and protect...
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...From an early age I’ve always been deeply interested in computing, but it was very hard for me because there was no one to guide me in this domain. My first interest in computers domain came with my first computer when I discovered for the first time how much I may be interested in this area. At the age of 9 years, the Internet has become the best friend of mine, thanks to the Internet because I learned everything I know about computer programming and construction sites.My evolution in computing has seen over the years, like any beginner with many mistakes and many hours spent in front of computer to video tutorials. In 7th grade , our director noticed me that I passionate about computers and chose me to realize school blog. Even now the site...
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...Student Engagement and Experience Journal Volume 1, Issue 1 ISSN (online) 2047-9476 DOI 10.7190/seej.v1i1.38 Case Study Considering the Smartphone Learner: an investigation into student interest in the use of personal technology to enhance their learning Ben Woodcock1, Andrew Middleton2 and Anne Nortcliffe1 1 Department of Engineering and Maths, Sheffield Hallam University, Howard Street, Sheffield, S1 1WB 2 Quality Enhancement and Student Success, Sheffield Hallam University, Howard Street, Sheffield, S11WB Correspondence should be addressed to Andrew Middleton, A.J.Middleton@shu.ac.uk Copyright © 2012 Ben Woodock, Andrew Middleton and Anne Nortcliffe. This is an open access journal article distributed under the Creative Commons Attribution License, which permits the unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Abstract Ownership of mobile smartphones amongst the general consumer, professionals and students is growing exponentially. The potential for smartphones in education builds upon experience described in the extensive literature on mobile learning from the previous decade which suggests that the ubiquity, multi-functionality and connectivity of mobile devices offers a new and potentially powerful networked learning environment. This paper reports on a collaborative study conducted by an undergraduate student with the support of two members of academic staff. The research sought to establish...
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...One day I receive a text from my good friend Jacob stating “Hey man you should play football”. I didn’t know much about football; this caused me to contemplate whether I should play or not. I had some interest in football, but I knew it was going to take time to learn. Disregarding my lack of knowledge I asked my father if I could play football. He said yes and supported my decision. I knew I was athletic but that didn’t mean anything because I had no idea what I was doing. I really wanted to play running back and that’s all I wanted to play but I needed to prove myself. Summer break was almost over and that meant it was the first day of practice. I just had bought my gold cleats and I was definitely ready. “What time is your practice?” my father remarked “You need to drink lots of water to stay hydrated”. I began to get irritated because my dad knew I already drank tons of water, “If I drink anymore water I'll never be able to leave the bathroom” I said sarcastically. My father drops me off at practice and I notice that basically everyone on the team were first time players just like me; this calmed my nerves a little bit. We started off by doing warm ups that were really absurd in...
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...need to be knowledgeable in their field, but they also need a high level of emotional intelligence and a strong sense of judgment and equality. Being a human resource manager gives one the opportunity to work in a wide range of fields. That is why I believe that someone in the field must be flexible and dynamic, always welcoming innovation. Throughout my working experience, I have had the opportunity to work in the customer service and advertising fields. Within these fields I have advanced within multiple departments. Each time I had an opportunity to learn, grow and accept valuable criticism; I saw it as an important step for my own training and development. Another component in the field of Human Resource Management that interests me is the influence the position has over companies. Being able to work on the executive team at a large or small company would be a rewarding experience. Assisting in strategic planning to create a powerful workforce will be challenging and at the same time, always remain interesting. Having the opportunity to work with many different bright people will always keep me on my toes and always seeking to learn and grow within the field of human resources. While I...
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...8th grade was an alright year for me, I found interest in different sports, I received all A’s for all semesters, I moved two times as well. Everything that's happened to myself has been outside of school. It was a slightly interesting year for myself. Nothing awful happened, so it was all mostly great things. I was never interested in the NBA. I considered watching it was boring, even though I never actually watched one. I was bored one day I decided to watch a NBA game. I enjoyed the video games considerably, so why not watch one. Consequently I ended up loving the NBA after that game. It was the Cavaliers vs. 76ers. The 76ers won, but it was a close battle that lasted until the final buzzer. Moving is something I did all my life. I remember...
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...My interest in NYU is not something that just came about recently. Living in New York City most of my life, I grew up hearing all about the university. I've visited the Campus many times for college expos, graduations, visiting my cousin's dorm and many other events. Although moving to the suburbs was a great learning experience, I want to go back to the city. I enjoy having everything I need at a walking distance or a train ride away. I enjoy walking out and seeing many outside, even if they are all strangers. I do enjoy the peace and quiet of the suburbs but there is nothing like the concrete jungle. Lower Manhattan is where I envision myself in the near future. Being from a hispanic background I can offer the university diversity. I want...
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...22.3 per cent year-on-year from Rs. 907 crore last year to Rs. 1109 crore this year. Only on quarter-to-quarter, the profit has come down. Credit and deposit growth have been a bit sluggish, and consequently your loan-to-deposit ratio (LD ratio) has inched up. Any pressure you are facing on funding side? No. There is no pressure on us. We took a conscious decision of not accepting bulk deposits this year. The deposit growth as per the industry is 6 per cent. We even did not take any bulk deposit last year as there was a 32 per cent growth in bulk deposits this year (This doesn’t read right. Last year…this year…). The credit (deposit) has gone up to about 16 to 17 per cent. We don’t see any pressure on liquidity. How were the net interest margins (NIMs) during the quarter? Your current and savings account ratio (CASA) dropped in the third quarter. This time how did it pan out? The CASA has improved as compared to last year and one good thing is that this year, we have opened around 17 lakh new accounts and we expect growth...
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...forty-eight year-old CEO of Graphic Design Ltd. He draws a salary of £420,000 per annum. He and his wife Janet have a 14-year-old boy, 10-year-old girl and 3-year-old girl, named Adam, Sheila and Carina respectively. Janet is already 44 and works as her husband`s personal assistant with salary of £55,000 per annum. So the annual household income of his family is £475,000 totally. Adam and Sheila studied in a local private school. The couple will have to pay £3,000 per child per annum in school fee, what was more when Carina arrived her school age, and at that time she will probably be sent into the same school. 2.1.2 Mortgage factors in the case The Flynn’s live in a bungalow which is conservatively evaluated £1.25m in firm economic condition. They have £450,000 mortgage to pay in 14 years. They decided to build an extension which cost £300,000. They have taken out the over 20 year’s mortgage on an endowment basis. A substantial shortfall leads to policy operational problems. 2.1.3 Protection factors in the case As a Company Director and Chief Executive of a software company, Alexander is already 48 and close to his middle-age. Great work pressure may easily cause health problems. Janet is 44 and works as Alexander's personal assist. So this couple needs to protect health to deal with the pressure and workload. Their three children also need to protect health to prevent accident happen. Because of the couple work in same company, and company have the opportunity of break down;...
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...G23, N27 Keywords: Consumer Credit, Finance, Household Expenditure, History, Australia Consumer credit in Australia during the 20th century Pierre van der Eng1 School of Management, Marketing and International Business, Australian National University, Canberra, Australia Abstract This article surveys the growth of consumer credit in Australia during the 20th century, particularly after World War II. Until the 1970s, the regulation of Australia’s financial market caused formal consumer credit to be provided mainly by finance companies under hire-purchase contracts, largely for the purchase of cars and household durables. Deregulation of the financial market since the 1960s allowed banks to gain a dominant share in the market for personal loans. Quantification of long-term trends is difficult, but broad estimates suggest sustained growth in per capita indebtedness during 19452007. JEL classifications: D14, E21, E51, G23, N27 Key words: consumer credit, finance, household expenditure, history, Australia Introduction Living standards improved considerably in Australia during the 20th century. Households were increasingly able to overcome liquidity constraints and purchase an ever greater number and range of consumer durables, including furniture, refrigerators, washing machines, radios, televisions and cars. These were often items for which they lacked finance in terms of current income and/or accumulated savings. Still, households were able to purchase them, due to the...
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...conditions turn against it, or it sees a sudden mass withdrawal of deposits. This is why the FFIEC tries to monitor banks' stability with the UBPR. (1) Loans are one of the main sources of income for most commercial banks. They lend individuals and small to medium sized businesses/enterprises loans and short term financial assets with a predetermined centrally-agreed interest rate in order to operate safely. There are however, different kinds of loans. I will talk about these briefly in my report. i) Real estate loans: Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water. (2) Real estate loans are usually called mortgages. So what are mortgages? “Mortgages are debt instruments, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front. Over a period of many years, the borrower repays the loan, plus interest, until he/she eventually owns the property free and clear. Mortgages are also known as "liens against property" or "claims on...
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...Transport Loan, Commercial House Building Loan, Possession Right Loan, Contractor’s Loan, Letter of Guarantee, Working Capital Loan, Letter of Credit, Loan against Imported Merchandise, Loan against Trust Receipt, Builders’ Loan, & Project Loan. And the loans under Consumer Financing are: Easy Loan, Consumer Durable Loan, Parua Loan, Thikana Loan, Flexi Loan, Peshajeebi Loan. This report highlights the loan policies of Standard Bank Limited; explain different issues regarding the disbursement of loans such as: sector where loans are provided, purposes of the loan, eligibility to get loans, documents required, interest charged on loans, & also the rate of penal interest in case of late repayment. From my observation, some weaknesses of the loan policies of Standard Bank Limited are detected, such as high interest rate, charging of loan processing fee, penal interest, maximum size of the loan is small, maximum term of the loan is low etc. And finally, few changes are recommended in the policy to remove the pitfalls & to improve the overall loan policies. 1.1...
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...different periods of time and interest rates. Time Value of Money In the world of business, it is essential to know what TVM represents and how it helps make better choices in how we spend our money. TVM is also known as Time Value of money which is a given amount of interest earned in a period of time (Wikipedia, 2011). Each member in group “C” will use 100 as our present value and we will choose an interest rate and period. Time value of money concept is used to determine present and future values of money. “The time value of money refers to the relationship between time, money, and the rate of interest.” (Letsche, 2011). The formula consist of four components FV = Future Value, PV = Present Value, i = the interestrate per period and n= the number of compounding periods (TeachMeFinance.com). In business, TVM is used to evaluate expected returns on investments and monitoring the company’s cash flow. “However, understanding the time value of money is also very important for you as an self-employed business person to make sure you are able to realize your spending, purchasing and retirement goals.” (Loughran, 2011). On a personal level, individuals can use TVM to calculate interest that will be paid on mortgages, car payments and individual loans. Knowing how your money can work for you is important to personal financial success. When one considers the time value of money it is important to understand that “a dollar can be invested and earn interest over time” (Myers, 2011)...
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...FACILITY We refer to your request for a restructuring on your personal loan facility (“the facility”) of an outstanding balance of GH¢981.88 and are pleased to inform you that International Commercial Bank Ltd has approved your request. The loan will be subject to the following terms and conditions: - Borrower : RICHARD OSEI Amount : (GH¢981.88) *The amount to be restructured shall include the amount approved plus any accrued interest thereon. Purpose : To maintain quality repayment performance on the personal. loan scheme Tenor : Seven (7) Months from the date of disbursement Maturity Date : The tenor is subject to change with changes in interest rates. Interest Rate : 28.25% Per annum interest rate subject to change in market conditions and at the discretion of the Bank Repayment Terms : Seven (7) monthly installment payments of GH¢159.55 commencing on the 25th December, 2014 and subsequently on the 25th of every month. Each payment made shall be used first to pay the accrued interest with the amount remaining...
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...CHAPTER-1 INTRODUCTION 1.1 Introduction: Loans comprise the most important asset as well as the primary source of earning for the banking financial institutions. On the other hand, this (loan) is also the major source of risk for the bank management. A prudent bank management should always try to make an appropriate balance between its return and risk involved with the loan portfolio. An unregulated banking financial institution might be fraught with unmanageable risks for the purpose of maximizing its potential return. In such a situation, the banking financial institutions might find itself in serious financial distress instead of improving its financial health. Consequently, not only the depositors but also the general shareholders will be deprived of their money from the bank. The deterioration of loan quality will also affect the intermediation efficiency of the financial institutions and thus the economic growth process of the country. This establishes the fact that banks should provide increasing emphasis on various analytical tools and techniques for screening proposals and loan decision taking. Credit Worthiness Analysis is one of the most important activities before sanctioning any credit to a new borrower as well as existing borrower to avoid any default risk and for improving the operational efficiency of nationalized and private sector commercial banks. 1.2 Rational of the study: The principal function of the bank is to lend. Lending comprises a very...
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