Discover what a bank endorsement is, how it guarantees payment for negotiable instruments like letters of credit, and its types used in international trade.

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Controlling costs is vital for a small business to generate gross profit, cover its overhead and make net profit. Given the competition from larger organizations and the often limited revenue ...