Whenever you use your debit card or send an e-transfer, money flows between financial institutions. Some institutions may have sent out more in payments than they received, while others may have received more than they sent. These accounts are designed for you to keep money aside for long-term goals while earning interest. The deposit interest […]
This can also happen when third-parties aren’t involved in the process and don’t approve the paperwork in time. In a ‘spin-off’ or ‘spin-out’, an organisation separates part of its activities into a separate business, with its own employees and a separate management team. The owners of the ‘parent’ entity now have a share in two […]