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 What is Vendor Financing?

NDBS Reader

Posted:August 03 2017

  NDBS Answer:

 

Vendor Financing is the lending of money by a company to client/borrower to either buy product or shares in the company.

 

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 What does QEO mean?

NDBS Reader

Posted:August 03 2017

  NDBS Answer:

QEO stands for Queen Executive Officer, some argue that Chief means a leader irrespective of gender, however, society then had the partriachal mindset that concludes that Chief refers to male and for women to redefine their role it is when they take their rightful place in boardrooms and be addressed as Queens of the Boardrooms. 

 

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 What does NOSTRO Account mean?

NDBS Reader

Posted:May 03 2017

  NDBS Answer:

Nostro account refers to an account that a bank holds in a foreign currency in another bank. Nostros, a term derived from the Latin word for "ours," are frequently used to facilitate foreign exchange and trade transactions. 

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 What does CBA stand for

NDBS Reader

Posted:October 14 2016

  NDBS Answer:

CBA is an abreviation for Certified Business Advisor.  The it is used by Business Advisors who are Accredited by The Institute Of Business Advisors South Africa which recognised by SAQA (South African Qualification Authority) as professional body. 

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 What Is BootStrapping

NDBS Reader

Posted:August 26 2016

  NDBS Answer:

Bootstrap is when an entrepreneur starts a company with little capital, relying on own funding model that getting loan or funds from outside source. An individual is said to be boot strapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.

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 What Is Re-Measurable Contract

NDBS Reader

Posted:August 26 2016

  NDBS Answer:

A contract priced on a detailed bill of quantities specifying all elements of path construction and other associated works to be completed. The Contractor is paid based on the work item rates supplied during tender and measured on site .

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 What is Black Tax

NDBS Reader

Posted:May 07 2015

  NDBS Answer:

Black Tax is defined as the way in which blacks have to work twice as hard to get what they want, other definition is illegal activities carried out in exchange of illegal goods for cash.  In South Africa Black Tax make reference to the responsibility employed blacks have towards helping their families especially parents and extended families.  This affect the person helping as they are unable to focus on their future due to educating siblings or building house for parents.  Most feel obliged to assist at home since the parents sacrificed for their education through Black Bursary, Black Bursary is defined as money parents pay for school fees where a child or student does not have company or government paying for their education.   Even if the child had a bursary such child can be affected through marrying someone who has a responsibility of taking care of parents.  
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 What is Mobile Virtual Network Operator (MVNO)

NDBS Reader

Posted:May 04 2015

  NDBS Answer:

A mobile virtual network operator (MVNO), or mobile other licensed operator (MOLO) is a wireless communications services provider that does not own the  wireless network infrastructure over which the MVNO provides services to its customers. An MVNO enters into a business agreement with a mobile network operator to obtain bulk access to network services at wholesale rates, then sets retail prices independently. An MVNO may use its own customer service, billing support systems, marketing and sales personnel or it may employ the services of a mobile virtual network enabler (MVNE)

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 What does USSD stands for in Telecommunication

NDBS Reader

Posted:April 17 2015

  NDBS Answer:

USSD is a term commonly used by Cellphone companies or companies that promote certain service that requires users to send SMS, USSD stands for Unstructured Supplementary Services Data. It is used by GSM cellular telephones to communicate with the service provider's computers. A gateway is the collection of hardware and software required to interconnect two or more disparate networks, including performing protocol conversion.

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 What Is Finder's Fee

NDBS Reader

Posted:April 10 2015

  NDBS Answer:

This is a commission paid to an intermediary (middleman) or the facilitator of a transaction. The finder's fee is rewarded because that person discovered the deal and brought it forth to interested parties. Depending on the circumstance, the finder's fee can be paid by either the transaction's buyer or seller. This can be written or tacit agreement

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 What Is LC

NDBS Reader

Posted:December 17 2014

  NDBS Answer:

This is a letter of credit document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met.

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 What Is Currency Devaluation

NDBS Reader

Posted:November 26 2014

  NDBS Answer:

It is when a central bank of the country deliberately downgrade the value of a country's currency, relative to another currency, group of currencies or standard. Devaluation is a monetary policy tool of countries that have a fixed exchange rate or semi-fixed exchange rate. It is often confused with depreciation, and is in contrast to revaluation.  Export become cheaper to foreigners and Import more expensive to citizens, with more Export the current account deficit narrows, however, borrowing becomes more difficult.

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 What Is Operating Profit

NDBS Reader

Posted: September 11 2014

  NDBS Answer:

This is the profit earned from core business operations and it excludes earnings from operations of other companies that it invested it and any other investments.   

It is also known as "earnings before interest and tax" (EBIT) or "operating income".

Calculated as:

Operating Profit = Operating Revenue - COGS - Operating Expenses - Depreciation & Amortization

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 What Is Share Buy-Back

NDBS Reader

Posted: September 07 2014

  NDBS Answer:

Share buy-back is the process whereby a company buy the shares from the market and subsequently the shareholders.  These shares are usually then cancelled.  Companies do sometimes retain bought back shares as treasury shares in order to be able to re-sell them, or allocate them to fulfill share options or to otherwise avoid issuing new shares.

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 What Is Bourgeoisie

NDBS Reader

Posted: June 19 2014

  NDBS Answer:

Bourgeoisie refers to men and women whose way of thinking is socially and culturally determined by their economic materialism. 


Frequently Asked Questions (FAQs):

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What The Difference Between Auditors And Accountants?

What Does GDP Rebase Mean?

What is Force Majeure?

What is Digital Migration?

What is Tapering And How Does It affect The Market?

What is The Difference Between Repo Rate And Prime Rate?

Must I Sue The Previous Owner For Not Disclosing The Leaking Roof?

Am I Not Suppose To Know My Partner's Business Dealings?

What Percentage Of My Salary Must I Spend On Car Installment?

What Is Selenium?

What Is Credit Amnesty?

What Are FICA Documents?

What Is A Plentiorologist Or Plentierologist?

What Is The Highest Amount One Can Claim Through Small Claims Court In South Africa?

Can I Take My Business Partner To Small Claims Court?

What Is The Difference Between BEE And BBBEE?

At What Percentage Does Value Of  A Car Depreciate In South Africa?

What Is The Difference Between Stakeholders and Shareholders?

What Is A Two Tier System?

How Are Points Determined On Stock Exchange?

What Is Contingency Fee?

Why Are E-Tolls Called Gamtries Or Gumtrees?

What Is The Difference Between Macro and Micro Economic Policies?

What Is The Link Between Khula, SEFA, IDC and The Banks?

I heard Of One Company Director going on Sabbatical Leave, What Does It Mean?

What Is The Difference Between National Health Insurance In South Africa And Obamacare In USA?

What Is The Difference Between SATRIX And JSE?  Can One Buy Shares Directly From JSE Without Via SATRIX?

Can The BAnk Reposses My Assets That I acquired Before Borrowing Their Money Than I am Failing To Pay back?

How Long Does It Take For Money transferred Via Internet (EFT) From One bank to another To Show in One's Account?

What Is Remittance In Business?

Do Law Firms Provide PRO BONO Services To Entrepreneurs?

Money Is Taken From My Account Without My Authorisation, What Must I Do?

What Does It Mean By US Government Shutdown?

What Is Palladium Used For And How Valuable Is It?

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