First In, First Out (FIFO) is a term that refers to use whatever was added first. Last In, First Out (LIFO) is a term that is used to refer to whatever was added last is used first.

Money Market account is a higher yielding savings account that provides a better return on the cash in the account. In a savings account, the bank can only use the money to provide loans to other people. In a...

Money Order is a mode of payment that requires the payer to pay a specified amount of money before-hand. This is considered as a safe method of payment as the amount printed is already prepaid. Bank drafts are...

Money Order is a mode of payment that requires the payer to pay a specified amount of money before-hand. This is considered as a safe method of payment as the amount printed is already prepaid. Cashier’s check...

Money market is a component of financial market where short-term borrowing can be issued. This market includes assets that deal with short-term borrowing, lending, buying and selling. A capital market is a...