Category Archives: Credits

Venal Value – Definition, what it is and concept


The venal value of a product is the estimate for the price of a good at a given time and taking into account its valuation in the second-hand market. In practice, it is generally understood that the venal value is identified with the value attainable in the market for a good sold in the second-hand […]

Dependency theory – Definition, what it is and concept

The dependency theory is a theory that denies the benefits of international trade proposed by the classical school and explains underdevelopment through the subordination or subjugation that occurs to developed countries. Undoubtedly, this theory tries to find a theoretical answer to why there was an economic stagnation in Latin American countries in the twentieth century. […]

5 tips to create your credit history in Canada

When you decide to live in Canada you need to have a good credit history if you plan to rent or buy a house, buy a car or even to borrow. When you start building your history it is important to keep your financial affairs in order, so that you can establish yourself in a […]

Base salary – Definition, what it is and concept


The base salary is the amount of money set by agreement between parties that a person earns as a result of their work done during a certain period of time. In other words, the base salary is the fixed and principal amount of a salary. Thus, it is usually the most important part of the […]

Nominal salary – Definition, what it is and concept


The nominal salary is the amount of money received by an employee, which appears on the payroll, as a result of the work done during a certain period of time. The nominal salary is simply that, the amount agreed to pay for the services provided. So, if the salary for the services you provide is […]

Real salary – Definition, what it is and concept


The real salary is one that reflects the amount of goods and services that can be acquired with a certain nominal salary. In economic terminology, there are two terms to refer to the salary a person receives. This is nominal salary and real salary. The nominal salary is the amount of money allocated, it is […]

SEPA Transfer – Definition, what it is and concept

A SEPA transfer consists of sending a certain amount of money so that the payer and recipient of said payment are within the territory defined as SEPA zone. The methodology of any transfer SEPA it’s based on Bank transactions within the Eurozone. In addition, there are additional countries participating in that monetary framework and operating […]

Cost scandal – Definition, what it is and concept

A cost scandal is a measure of the economic performance of a particular product. It allows to establish sales prices appropriate to the production costs and that maximize benefits for each unit sold. Through a cost scandal every company has the possibility of calculating the cost of a good or service it offers, taking into […]

Cashback – Definition, what it is and concept

Cashback allows customers of a Bank they can request money, and withdraw it in some stores when they make a purchase. This way of withdrawing money allows users not to have to go through an ATM to get it. There are establishments that establish agreements with entities that make this way of getting cash available […]

Bazaar – Definition, what it is and concept

A bazaar is a market where a multitude of products are for sale and it is common to find it in Eastern and Arab cities. The bazaars have become true economic outbreaks in these countries. There are permanent bazaars, and others that agglutinate in a timely manner at a certain point in the city enabled […]

Hypermarket – Definition, what it is and concept

A hypermarket is a self-service establishment where retail products are sold, and whose surface area exceeds 2500 square meters. In this type of establishments, consumers can choose the products they want, and include them in their shopping carts. At the end, there is a cashier service where they can pay for the purchase that has […]

Cheaper – Definition, what it is and concept

Cheating is to reduce, or lower the price of something in particular. This term serves to indicate that some product, or service has been lowered in order to increase its sales in most cases. That prices are lowered has a lot to do with human behavior. If products are purchased from a certain company that […]

Definition of commercial credit

The mere existence on a company’s balance sheet of accounts receivable or accounts payable is synonymous with commercial credit, whether the company extends credit to its customers (in the first case) or receives credit from suppliers. (In a second). Extending business credit is more complex than its definition implies. There are multiple purposes, consequences and […]

What time Does Wells Fargo Open


Wells Fargo Lobby Hours Mon-Wed 09:00 AM-05:00 PM Thu 09:00 AM-06:00 PM Fri 09:00 AM-05:00 PM Wells Fargo Saturday Hours Mostly Saturday Hours are 10:00 AM-03:00 PM but at some places it might be 10:00 AM-01:00 PM. You Can call the Branch to know exact working hour of particular branch. Wells Fargo Sunday Hours Sunday […]

Command unit – Definition, what it is and concept

The command unit is a management principle coined by Henri Fayol, which indicates that an employee must receive orders from a single superior. One of the 14 principles of Henri Fayol’s administration is the command unit. The importance of this principle is that its absence can affect the other principles. Principles such as authority and […]

Chain of command – Definition, what it is and concept

The chain of command is the relationship that exists between the set of superiors on whom information flows and decision making. The chain of command is related to the command unit. The command unit states that each employee receives orders from a single superior. The chain of command concept is an even broader concept than […]

Distribution Theory – Definition, what it is and concept

The classical theory of distribution is based on the classical value theory, to explain how the total product of an economy is distributed among workers (wages), capitalists (benefits) and landowners (income). First of all, it should be noted that in this article we do not include Karl Marx as a member of the classical economy, […]

Credit market – Definition, what it is and concept

A credit market is that financial market in which the participants, who are companies, governments and individuals, exchange instruments of debt Long and short term. In this way, we can say that it is a market in which those who intervene lend or borrow money. We must bear in mind that in this case we […]

Types of vendors – Definition, what it is and concept

The types of sellers are the different person profiles that ensure that the final purchase by the customer is made. Selling is essential for the vast majority of companies. If you do not sell, as a general rule, you do not generate income. You need to sell books, shoes, food, reports, designs or ideas. Sometimes […]