American psychologist Abraham Maslow introduced Maslow’s Hierarchy of Needs in his paper “A Theory of Human Motivation.” This theory says that each human has five levels of needs based on their importance, and achieving the needs of all levels leads to complete satisfaction. Definition: Maslow’s Hierarchy of Needs explains what motivates a human being and …
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 …
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 …
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 …