Financial Terms

Risk Assessment – Definition, Analysis, Matrix, Template and Examples

Wikipedia of Finance - e-learning course on Risk Management Wikipedia Chapter - Risk Assessment – Definition, Analysis, Matrix, Template and Examples

Risk Assessment Definition: Managing the risk at your workplace should be one of the top priorities if you wish to accomplish your desired goals and objectives. In order to accomplish this task you need to consider all those factors that have the potential to cause harm to your project and personal related to it. In …

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What is Financial Planner? Definition, Scope and How to Become a Financial Planner

Wikipedia of Finance - e-learning course on Financial Planning Wikipedia Chapter - What is Financial Planner? Definition, Scope and How to Become a Successful Financial Planner

Financial Planner Definition: A financial planner or personal financial planner is a professional who prepares financial plans for people. Managing cash flow, retirement plans, investment strategies, financial risk, insurance policies, tax, estate and business succession plans are the criteria or area of expertise of a financial planner. Role of a financial planner is to optimize …

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What is Personal Financial Planning? Definition, Examples, Importance, Template

What is Personal Financial Planning Definition Examples Sample Template - Wikipedia of Finance

Personal Financial Planning Definition: Financial management of money by an individual or a family unit is known as Personal finance. The steps involves earning, spending and saving the income by keeping an account of risks involved and future life events. According to the Oxford dictionary, the word ‘finance’ signifies ‘management of money’. Khan and Jain, …

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What is Optimism Bias – Definition, Effects on Financial Decisions

Wikipedia of Finance - e-learning course on Financial Planning Wikipedia Chapter - What is Optimism Bias –Definition, Effects on Financial Decisions

Optimism Bias Definition: Optimism bias is a cognitive bias that makes an individual believe that they will be relatively safer than others if any negative event were to occur. When someone’s subjective confidence in their judgments is reliably greater than their objective accuracy, that person has optimism bias. It is like living in the utopia …

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What is Financial Planning? Definition for a Business, Individual with Examples

Wikipedia of Finance - e-learning course on Financial Planning Wikipedia Chapter - What is Financial Planning? Definition, Benefits and Importance

Financial Planning Definition: Financial planning defines as the process of evaluating an individual’s current financial status and coming up with an effective strategy to meet the life goals. These life goals vary from an individual to another. In order to accomplish these goals, it is important for an individual to follow a series of specific …

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