Business & Finance

License vs Lease

License vs Lease
A license (American English) or licence (British English) gives permission to a licensee to do something in particular, e.g. a driving license, a business license, liquor license, etc. A lease, on the other...

Affiliate vs Subsidiary

Affiliate vs Subsidiary
An ‘affiliate’ is a type of inter-company relationship in which a company owns less than a majority of another company’s stock. A ‘subsidiary’, also known as a daughter company, is a company that is completely...

ABA Number vs Routing Number

ABA Number vs Routing Number
The American Bankers Association (ABA) number is an identification number that appears in the upper right corner of the check in the form of a fraction. The number is used to identify the location of the bank...

Debit vs Credit

Debit vs Credit
In financial accounting or bookkeeping, "Dr" (Debit) is the left side of a ledger account or when something has been deducted from the account, whereas "Cr" (Credit) is the right side of a...

Cooperatives vs Corporations

Cooperatives vs Corporations
A cooperative is a group of people who come together and voluntarily cooperate for their mutual, social, economic, and cultural benefit. A corporation is a separate legal entity, which is owned by shareholders...

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