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

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

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 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 11 Bankruptcy

In the United States, there are different options when it comes to settling liabilities. In the instance that an entity is unable to pay for their debts using their present cash, they have the option of filing for bankruptcy. Chapter 7 and 11 bankruptcy are only two of the alternatives an entity may have. We … Read more

Difference Between Pension and Retirement

Pension and retirement are both something that people look forward too. Despite their wide usage in language, however, the two terms are oftentime confused. Here, we will differentiate the terms pension and retirement. Pension is used to refer to a defined amount of money that is handed to an individual on the event of their … Read more

Difference Between a Joint Venture and Partnership

A business can come in different forms, like a sole proprietorship, corporation, joint venture or a partnership. Among these types, joint venture and partnership are commonly mistaken for each other. Here are the variations between a joint venture and partnership. A joint venture is a contractual agreement between two companies or parties to join together … Read more

Difference Between Pension and RRSP

  There are numerous financial plans and structures created for different purposes, including those targeted for retired individuals. Among them, there is the Registered Retirement Savings Plan (RRSP) as well as the Registered Pension Plan (RPP). People often confuse the two items  Here, we will discuss the differences between a pension and the RRSP. Both … Read more