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What should I look for in a property maintenance company?

Some of the things to consider when choosing a property maintenance company All kinds of buildings require maintenance. Whether residential or commercial, it is very important to take care of the property so that it is in shape for many years. Therefore, you need a professional service provider to always ensure quality. The company can perform routine cleanings, emergency repairs, etc. You must be careful when planning to avoid unnecessary damage. When making a choice, you need to make sure that you end up with the plan that suits you best. In many cases, you can enter a contract with the company in question. You must also choose between short and long-term contracts. In some cases, there are some benefits that can be associated with the long-term type of contracts and you may find that they are much easier on your pocket. A trustworthy company must eliminate your worry and do a satisfying job. Some of the things worth considering include: Experience It is important to check how long

Let's find some common banking terminologies

Who does not know that Banking Industry is the topmost industry in today's economic world? Different Banks and other financial institutions together form the backbone of the economy of every country. We truly depend on these organizations and it is really very much important to be familiar with the terminologies while having a significant banking decision. But, do you feel a little bit puzzled about the commonly used banking terms sometimes?

Well, it is time to share some knowledge on this topic with you so that in future you won't have to stumble upon those general phrases.

The most common bank account is cheque account. A Cheque is nothing but an agreement between two persons. It is a type of contract for money-transfer. The cheque is signed by a person and is submitted to another person's bank to transmit a specific amount of money from the account of the first person to that of the second person.

Debit is simply an accounting approach. It points to either the increasing of your assets or the decreasing of your liabilities in your account. It is another form of chequing. But the difference is, it is not time-consuming like the previous.

If it is an issue of chequing, savings or money market accounts, an amount of money is paid to you month-wise by the bank, based upon the assets you already have. In this case it is the interest. But in case of credit cards, loans etc. and pay a fee for the privilege of borrowing money on monthly basis upon your debt.

Annual Percentage Rate
APR or Annual Percentage Rate is the rate of interest expressed as a charge for a whole year over loan, mortgage, credit card etc. It can be of two types: Nominal APR, which is a simple interest rate and Effective APR, which is collectively the fee and the compound interest rate. APR can vary at any time.

It depends on your payment to clear off your debt. It also shows you off how much you own your property. It is considered to be very much important in refinancing.

Balloon Payment
This is so named because of the nature of the payment. At first you have to pay small amounts in order to lessen your debt. Whenever this time of small payment is over you have to make "Balloon Payments", as this last payment type is a large one.

Closing Costs
When you go to buy real-estate or some other high-value items, you have to pay some other charges along with the cost of purchase. These are payable at the time of closing the deal.

So, these were the common banking terminologies. Remember these and you will surely never feel a fish out of water while dealing with a bank.


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