scholarly journals Revolving cards: A financial analysis of the credit repayment and legal implications

2020 ◽  
Vol 39 (1) ◽  
Author(s):  
Salvador Cruz Rambaud ◽  
Salvador Cruz Vargas
Keyword(s):  
Interest Rate ◽  
Credit Card ◽  
Financial Analysis ◽  
Point Of View ◽  
Excessive Amount ◽  
Nominal Interest Rate ◽  
Legal Implications ◽  
Long Duration ◽  
Very High

The framework of this paper is credit card holding by users and consumers, more specifically, the so-called revolving cards. In most cases, the true interest rate applied to a credit is much higher than its nominal interest rate. Usually, this is due to the existence of some fees to be paid by the holder, and to the process of splitting the periods of interest. However, the contracted annual interest rate of revolving cards is very high which, together with the peculiar amortization system, gives rise to an excessive amount of interests. The objective of this paper is to describe and analyze, from a legal and financial point of view, the main characteristics of the credit repayment in revolving cards. We conclude that the complete amortization of the principal needs a long duration and the payment of a high amount of interests.

Revolving cards: A financial analysis of the credit repayment and legal implications

2021 ◽  
Vol 39 (2) ◽  
Author(s):  
Salvador Cruz Rambaud ◽  
Salvador Cruz Vargas
Keyword(s):  
Interest Rate ◽  
Credit Card ◽  
Financial Analysis ◽  
Point Of View ◽  
Excessive Amount ◽  
Nominal Interest Rate ◽  
Legal Implications ◽  
Long Duration ◽  
Very High

The framework of this paper is credit card holding by users and consumers, more specifically, the so-called revolving cards. In most cases, the true interest rate applied to a credit is much higher than its nominal interest rate. Usually, this is due to the existence of some fees to be paid by the holder, and to the process of splitting the periods of interest. However, the contracted annual interest rate of revolving cards is very high which, together with the peculiar amortization system, gives rise to an excessive amount of interests. The objective of this paper is to describe and analyze, from a legal and financial point of view, the main characteristics of the credit repayment in revolving cards. We conclude that the complete amortization of the principal needs a long duration and the payment of a high amount of interests.

Der Sommer und Herbst 2003 aus phänologischer Sicht | Summer and autumn 2003 from a phenological point of view

2004 ◽  
Vol 155 (5) ◽  
pp. 142-145 ◽  
Author(s):  
Claudio Defila
Keyword(s):  
Time Series ◽  
New Record ◽  
Point Of View ◽  
Late Spring ◽  
Mean Deviation ◽  
Leaf Shedding ◽  
The Mean ◽  
Very High ◽  
Selection Of

The record-breaking heatwave of 2003 also had an impact on the vegetation in Switzerland. To examine its influences seven phenological late spring and summer phases were evaluated together with six phases in the autumn from a selection of stations. 30% of the 122 chosen phenological time series in late spring and summer phases set a new record (earliest arrival). The proportion of very early arrivals is very high and the mean deviation from the norm is between 10 and 20 days. The situation was less extreme in autumn, where 20% of the 103 time series chosen set a new record. The majority of the phenological arrivals were found in the class «normal» but the class«very early» is still well represented. The mean precocity lies between five and twenty days. As far as the leaf shedding of the beech is concerned, there was even a slight delay of around six days. The evaluation serves to show that the heatwave of 2003 strongly influenced the phenological events of summer and spring.

scholarly journals FEBID 3D-Nanoprinting at Low Substrate Temperatures: Pushing the Speed While Keeping the Quality

Nanomaterials ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 1527
Author(s):  
Jakob Hinum-Wagner ◽  
David Kuhness ◽  
Gerald Kothleitner ◽  
Robert Winkler ◽  
Harald Plank
Keyword(s):  
Volume Growth ◽  
Point Of View ◽  
High Fidelity ◽  
Direct Write ◽  
General Picture ◽  
3D Space ◽  
Design Flexibility ◽  
Substrate Temperatures ◽  
Very High ◽  
Comprehensive Discussion

High-fidelity 3D printing of nanoscale objects is an increasing relevant but challenging task. Among the few fabrication techniques, focused electron beam induced deposition (FEBID) has demonstrated its high potential due to its direct-write character, nanoscale capabilities in 3D space and a very high design flexibility. A limitation, however, is the low fabrication speed, which often restricts 3D-FEBID for the fabrication of single objects. In this study, we approach that challenge by reducing the substrate temperatures with a homemade Peltier stage and investigate the effects on Pt based 3D deposits in a temperature range of 5–30 °C. The findings reveal a volume growth rate boost up to a factor of 5.6, while the shape fidelity in 3D space is maintained. From a materials point of view, the internal nanogranular composition is practically unaffected down to 10 °C, followed by a slight grain size increase for even lower temperatures. The study is complemented by a comprehensive discussion about the growth mechanism for a more general picture. The combined findings demonstrate that FEBID on low substrate temperatures is not only much faster, but practically free of drawbacks during high fidelity 3D nanofabrication.

LONG DURATION ECHOES FROM AURORA, METEORS, AND IONOSPHERIC BACK-SCATTER

1953 ◽  
Vol 31 (2) ◽  
pp. 171-181 ◽  
Author(s):  
D. W. R. McKinley ◽  
Peter M. Millman
Keyword(s):  
Long Range ◽  
High Frequency ◽  
The Other ◽  
Very High Frequency ◽  
Long Duration ◽  
E Region ◽  
Very High ◽  
Visual Observations

In the course of the Ottawa meteor program some unusual echoes have been detected on 33 Mc. Echoes from the aurora are discussed and correlated with visual observations. Two mechanisms of radio reflections from the aurora have been proposed but the data here presented are insufficient to favor one over the other. On Aug. 4, 1948, six extremely long duration meteor echoes were observed which may have been due to abnormal ionospheric conditions. From time to time since August, 1948, a weak semipermanent echo has been recorded, usually appearing at a range of about 80 km., and enduring up to an hour. It is suggested that this echo is due to back-scatter from the same sources in the lower E-region that are presumed to be responsible for long-range very high frequency propagation.

DURATION OF ACARICIDAL ACTION OF THE DRUG «KENEM» AND ECONOMIC JUSTIFICATION FOR THE PROTECTION OF CATTLE FROM IXODIC MITES

Habarshy ◽  
2021 ◽  
pp. 50-60
Author(s):  
A.B. Myrzhiyeva ◽  
M.Zh Suleimenov ◽  
Uslu Ugur ◽  
A.S. Ibazhanova ◽  
L.O Zhanteliyeva L.O
Keyword(s):  
Economic Feasibility ◽  
Point Of View ◽  
Scientific Article ◽  
Special Equipment ◽  
Practical Point ◽  
Acaricidal Efficacy ◽  
Economic Justification ◽  
Long Duration ◽  
Similar Drug ◽  
The Cost

The scientific article presents the duration of acaricidal effect of «Kenem» drug, and its economic feasibility for protecting cattle against ixodic ticks. As a result of the study, the acaricidal efficacy and the duration of the residual acaricidal effect of drugs are important components in the planning of anti-tick measures. From a practical point of view, the economic feasibility of treating cattle against ixodic ticks in the presented conditions of acaricides in the southern regions is considered important. Despite the fact that the cost of the drug per 100 head exceeds the cost of a similar drug by 1 788.15 tenge, the frequency of its use is less, and additional installations are not required. This is due to the long duration of residual acaricidal effect of Kenem, which is 30 days, which allows to reduce the number of therapeutic measures.When calculating the economic feasibility for the use of acaricides to protect cattle against ixodic ticks, the most convenient way to prevent the sucking of ixodic ticks to animals is the local application of Kenem, which does not require special equipment and special skills of technical staff. Drug duration is 30 days, therefore the cost of its use for the entire season of active ticks per 1 animal is 44% cheaper, compared to veteran, i.e. 1,421.4 tenge.

Natural disasters and monetary policy: evidence from an augmented Taylor rule

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nicholas Apergis ◽  
James E. Payne
Keyword(s):  
Developing Countries ◽  
Monetary Policy ◽  
Interest Rate ◽  
Natural Disasters ◽  
Natural Disaster ◽  
Taylor Rule ◽  
Nominal Interest Rate ◽  
Policy Response ◽  
Content Type ◽  
Short Run

Purpose The purpose of this paper is to examine the short-run monetary policy response to five different types of natural disasters (geophysical, meteorological, hydrological, climatological and biological) with respect to developed and developing countries, respectively. Design/methodology/approach An augmented Taylor rule monetary policy model is estimated using systems generalized method of moments panel estimation over the period 2000–2018 for a panel of 40 developed and 77 developing countries, respectively. Findings In the case of developed countries, the greatest nominal interest rate response originates from geophysical, meteorological, hydrological and climatological disasters, whereas for developing countries the nominal interest rate response is the greatest for geophysical and meteorological disasters. For both developed and developing countries, the results suggest the monetary authorities will pursue expansionary monetary policies in the short-run to lower nominal interest rates; however, the magnitude of the monetary response varies across the type of natural disaster. Originality/value First, unlike previous studies, which focused on a specific type of natural disaster, this study examines whether the short-run monetary policy response differs across the type of natural disaster. Second, in relation to previous studies, the analysis encompasses a much larger panel data set to include 117 countries differentiated between developed and developing countries.

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