23 relations: Abdul Latif Jameel Poverty Action Lab, Bank, Compulsive buying disorder, Credit history, Credit risk, Financial institution, Financial regulation, Gambling, Hyderabad, India, Interest, Loan shark, Microfinance, Money changer, Payday loan, Poverty, Predatory lending, Time deposit, Udaipur, Unbanked, Underbanked, Unsecured debt, Usury.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global research center working to reduce poverty by ensuring that policy is informed by scientific evidence.
A bank is a financial institution that accepts deposits from the public and creates credit.
Compulsive buying disorder (CBD), or oniomania (from Greek ὤνιος ṓnios "for sale" and μανία manía "insanity"), is characterized by an obsession with shopping and buying behavior that causes adverse consequences.
A credit history is a record of a borrower's responsible repayment of debts.
A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.
Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system.
Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods.
Hyderabad is the capital of the Indian state of Telangana and de jure capital of Andhra Pradesh.
India (IAST), also called the Republic of India (IAST), is a country in South Asia.
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
A loan shark is a person or body who offers loans at extremely high interest rates usually without holding relevant authorization from the local financial regulator (illegally).
Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to banking and related services.
A money changer is a person or organisation whose business is the exchange of coins or currency of one country, for that of another.
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card.
Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.
Predatory lending is the unfair, deceptive, or fraudulent practices of some lenders during the loan origination process.
A time deposit or term deposit (also known as a certificate of deposit in the United States) is a deposit with a specified period of maturity and earns interest.
Udaipur /ʊdəjpur/, also known as the "City of Lakes" is a major city, municipal corporation and the administrative headquarters of the Udaipur district in the Indian state of Rajasthan.
The unbanked are adults who do not have their own bank accounts.
The underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans.
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.
Usury is, as defined today, the practice of making unethical or immoral monetary loans that unfairly enrich the lender.