Federalists v. Antifederalists?
FEDERALISTS: those who favored a stronger NATIONAL government and supported the proposed U.S. Constitiution; later became the first U.S. political party. ANTIFEDERALISTS: Those who favored a stong STATE governments and a weak nationa government; opposed to the ratification of the U.S. Constitution. Book: Essentials of American government, Continuity and change.
What is the difference between negotiable instrument and non-negotiable instrument?
These are banking terms, generally.Negotiable instrumentThis is a document guaranteeing the payment of a specific amount of money. This could be “on demand” (i.e. anytime) or at a set time. Examples are banknotes, cheques, demand drafts, bills of exchanges and some forms of promissory notes.Non-negotiable instrumentThis is an unconditional promise in writing made by one person to another. It is signed by the maker engaging (agreeing) to pay the payee (the beneficiary) either on demand (anytime) or at a fixed or determinable future time. Most promissory notes are non-negotiable (hence the term ‘promissory’: a promise).Additionally, a non-negotiable instrument includes a document of title. For instance, a bill of lading that states the goods are consigned to a named party is non-negotiable.Why the words ‘negotiable’ and ‘non-negotiable’?These are terms of art — specific usage with specific meanings for specific situations.The word “non-negotiable” describes the price of the goods or security that is firmly established and cannot be adjusted or altered. In short, it is part of the contract or deal — it is a requirement of the deal by the contractual parties.
What is the difference between microfinance and commercial banks?
Commercial banks are Financial institutions started by/under some banking regulation act of the country. The aim of the commercial bank/s is to accept deposits and lend money to customers. Commercial banks also have nonbanking activities such as insurance, security brokerage, stocks and funds and so on. Commercial banks motive is to earn profits and expand their business and branches. registration, tax payment and dividends are key features of commercial banksMicrofinance is something of a group activity. The investors are not looking for profit or rather profit is not the main aim. The aim is to lend money to a fellow group member form the savings the members put together (predecided). Slowly but surely the group makes sure the money is being utilized and the group member is able to earn profit form an income generating activity (dairy, piggery, sheep/goat rearing, carpentry etc). Every group member gets a loan and thus the group moves towards self sustenance. It is what you call “Social banking”. No registration, no taxation and no dividends. One for all and all for one