A striking difference between a yield and an interest rate is that yield is the profit made on an investment, and an interest rate is the reason behind such a profit.

Brokers are the agents who play a role of inter-mediator between a buyer and a seller for carrying out the transactions. On the other hand, dealers are the market makers for the securities.

Gross is the total income, on the other hand, net is the part of the total income.

Pay order and demand draft are basically used for the same purpose, but are different from each other. A pay order is a mode of payment that to be cleared in the very specific branch of the bank that issued it...

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...