by Willie Tan | Apr 2, 2024 | Glossary
A directors’ resolution in writing, also known as a written resolution of directors or board resolution, is a formal document used by the board of directors of a company to make decisions or authorise actions outside of a formal meeting. It is for directors to...
by Willie Tan | Apr 2, 2024 | Glossary
A digital bank, also known as an online or virtual bank, is a bank that operates primarily or exclusively over the Internet and digital channels, rather than through physical branches. Digital banks offer financial services and products, including savings accounts,...
by Willie Tan | Apr 2, 2024 | Glossary
A Dependent’s Pass is an immigration pass issued by certain countries, notably Singapore, to spouses and children of individuals holding certain employment passes or work visas. The purpose of the Dependent’s Pass is to allow the family members of foreign...
by Willie Tan | Apr 2, 2024 | Glossary
A declaration of solvency is a legal document prepared and signed by the directors or officers of a company to affirm that the company is solvent, meaning it has sufficient assets to cover its liabilities. This declaration is typically made in certain situations, such...
by Willie Tan | Apr 2, 2024 | Glossary
Budgeting is creating a plan to manage your financial resources effectively. It involves estimating and allocating how much money you will earn or receive (income) and how much you plan to spend (expenses) over a specific period, typically monthly, quarterly, or...
