Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
Account freezing and money laundering are the mostly frequently encountered political risks in the foreign business. Being scammed is another political risk.
The use of money market investing comes equipped with some inherent risks. These risks include: the chance of losing the principle or the original sum invested, losing any interest that is earned through inflation, and the possibility of having to keep adding more money to the account.
There are no risks in a savings account. The bank is entitled to pay you the money you have saved in your account anytime you wish to withdraw it. Even if the bank goes bankrupt, the central banks of the corresponding country would be able to pay you off till a certail limit. For example in India if your bank goes bankrupt, the RBI would pay you till a limit of Rs. 1 lakh. Hence saving accounts are pretty safe.
An investor risks money in search of financial profits. Typically, the riskier the investment the higher the payoff will be for the investor.
A person who risks time, effort, and money to start and operate a business is called an entrepreneur.
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Account freezing and money laundering are the mostly frequently encountered political risks in the foreign business. Being scammed is another political risk.
Entrepreneurs take risks in order to make money. The bigger the risks they take the bigger the reward. The process is very similar to investors.
You can tell if something is worth your money by looking at the risks and the rewards that it carries.
Well the number one risk is that the person you lend it to can't pay you back or stole your money. Other risks is you can struggle to get all your money back. After you lend it stuff can go wrong and then you need the money now you don't have it!
Yes. That is one of the risks associated with having a joint account. Your creditor can attach the funds pursuant to a court judgment.