Whois & Analysis for timevalue.com

A tax (from the Latin ) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.

A failure to pay, or evasion of or resistance to taxation, is usually punishable by law.

Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale based on annual income amounts, and some countries impose almost no taxation at all, or a very low tax rate for a certain area of taxation.

Some countries also charge a tax on corporate income, dividends, or distributions—this is often referred to as double taxation as the individual shareholder(s) receiving this payment from the company will also be levied some tax on that personal income.

A bank is a financial institution that accepts deposits from the public and creates credit.

Lending activities can be performed either directly or indirectly through capital markets.

Due to their importance in the financial stability of a country, banks are highly regulated in most countries.

Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.

In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

To have legal personality means to be capable of holding legal rights and obligations within a certain legal system, such as entering into contracts, suing, and being sued.

Legal personality is a prerequisite to legal capacity, the ability of any legal person to amend (enter into, transfer, etc) rights and obligations.

In international law, consequently, legal personality is a prerequisite for an international organization to be able to sign international treaties in its own name.

Financial risk management is the practice of economic value in a firm by using financial instruments to manage exposure to risk, Operational risk, credit risk and market risk.

Other types include Foreign exchange risk, Shape risk, Volatility risk, Liquidity risk, Inflation risk, Business risk, Legal risk, Reputational risk, Sector risk etc.

Similar to general risk management, financial risk management requires identifying its sources, measuring it, and plans to address them.

A lease is a contractual arrangement calling for the (user) to pay the lessor (owner) for use of an asset.

Property, buildings and vehicles are common assets that are leased.

Industrial or business equipment is also leased.