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What are the risk's of depositing your money in someone's bank account?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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What are the most frequently encountered risks in foreign business?
Account freezing and money laundering are the mostly frequently encountered political risks in the foreign business. Being scammed is another political risk.
What are some dangers of money market investing?
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.
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Person who risks money in hopes of a financial profit?
An investor risks money in search of financial profits. Typically, the riskier the investment the higher the payoff will be for the investor.
What is a person who risks time effort and money to start and operate a business?
A person who risks time, effort, and money to start and operate a business is called an entrepreneur.
What two factors do geologists take into account when they determine earthquake risks?
water
What is a binary option?
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what are the most frequently encountered political risk in foreign business?
Account freezing and money laundering are the mostly frequently encountered political risks in the foreign business. Being scammed is another political risk.
Why do entrepreneurs take risks?
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.
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Can a collection agency levy your bank account if your name is on the account only for convenience?
Yes. That is one of the risks associated with having a joint account. Your creditor can attach the funds pursuant to a court judgment.
