Whitepaper: Definition, Meaning & Example

Whitepaper

Definition: A whitepaper (or white paper) is a document issued by governments, organizations, or not-for-profit organizations to provide information on policies, regulations, findings, services, products, etc. A white paper can provide a solution to any problem, analysis of an issue, or opinion on an issue that the public or audience is facing, supported by objective …

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Payday Loan: Definition, Meaning, Requirments & Characteristics

Payday Loan

Definition: A payday loan is a short-term loan given to borrowers until they receive their salary, pension, or social security payment and repay the loan. The loan depends on the borrower’s monthly income, and it comes with a high interest rate. Although no fixed amount is defined for the payday loan, it is generally 500 …

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ATM: Definition, Meaning & Types of ATM

ATM

Definition: ATMs or Automated Teller Machines are electronic banking machines that let consumers complete basic banking transactions 24X7 with no paperwork and without the help of a bank employee. A consumer with a debit or credit card can complete transactions with these machines. These days, many ATMs allow check deposits as well. ATMs have made …

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Blue Ocean Vs Red Ocean Strategy

Blue Ocean Vs Red Ocean Strategy

The blue ocean and red ocean strategies help businesses enter uncontested and existing markets and grow their businesses and brand. This article will discuss the strategies of the red ocean and blue ocean and their differences. What is the Blue Ocean Strategy? The blue ocean represents the untapped market space, and blue ocean strategies help …

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