Difference Between Loan and Mortgage

Things like a loan and mortgage have become so commonplace in modern settings that even the distinction between the two has become muddled. Both are common forms of liabilities and can come in types as well. Here, we will discuss the difference between a loan and mortgage Loan A loan is finances, property or other … Read more Difference Between Loan and Mortgage

Difference Between Limit Order and Stop Order

There are different terms and actions taken in the investment world and this includes the limit order and stop order. These two terms may seem similar at a glance but they can have a significant distinction in trading. In this article, we will examine the differences between a limit order and stop order. Limit Order … Read more Difference Between Limit Order and Stop Order

Difference Between Capital Lease and Operating Lease

In finance, a lease is a contract wherein a person or property grants property, services, etc. for a specified period of time in exchange of payment. There are two types of accounting methods when approaching leases – capital lease and operating lease. In this article, we will discuss the distinction between the two. Operating Lease … Read more Difference Between Capital Lease and Operating Lease

Difference Between U.S. GAAP and IFRS

Different countries use different methods of approach in different fields, including accounting. The U.S. GAAP and IFRS are two accounting standards and guidelines that provide a basis for a clear and uniform accounting process. Here, we discuss the differences between the U.S. GAAP and IFRS. U.S. GAAP U.S. GAAP stands for “U.S. Generally Accepted Accounting … Read more Difference Between U.S. GAAP and IFRS

Difference Between Partner and Associate

Different industries have various technical terms and jargon. This can cause some confusion especially when the terms used are almost synonymous in regular language. In this article, we will discuss how the terms partner and associate differ in the context of law and accounting. Partner A partner in business is generally a part-owner of a … Read more Difference Between Partner and Associate

Difference Between NAFTA and USMCA

Last October 1, 2018, U.S. President Donald Trump announced the USCMA in the Rose Garden of the White House. The president considers this agreement as an improved version of the already existing NAFTA, but there are also people who beg to differ. How exactly is USMCA different from NAFTA? We attempt to shed some light … Read more Difference Between NAFTA and USMCA

What Is Scotland’s Currency?

Scotland is a country that spans the northern third of Great Britain. The country, who is a part of the United Kingdom, shares a border with England. In this article, we will discuss Scotland’s currency. Scotland’s currency is the pound sterling, also known as the British pound by some people. This is the same currency … Read more What Is Scotland’s Currency?

Difference Between Pound and Sterling

As of present, there are 180 recognized currencies in the world, including the pound and sterling. There is also a currency known as the pound sterling, which creates confusion due to the combination of two separate currencies. Here, we will discuss the differences between the pound and the sterling. The pound is popularly recognized as … Read more Difference Between Pound and Sterling

Difference Between Chapter 7 and Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 bankruptcy are only two of the four bankruptcy options that one can choose from in the United States. They are options when an entity is no longer able to pay for their liabilities. Here are the differences between chapter 7 and chapter 13 bankruptcy. Chapter 7 bankruptcy, also called liquidation … Read more Difference Between Chapter 7 and Chapter 13 Bankruptcy