K-Flakes 2010-8 : Understanding Finance - What is an Escrow account?

Understanding Finance - What is an Escrow account?

“Escrow” is a financial asset held by a party on behalf of the other two different parties, in a transaction. The asset remains with the escrow service until the transactional obligations are fulfilled by the parties. Typically funds are kept in escrow account. Securities, funds and other assets can be held in escrow. The Escrow account providers (generally a bank) charges a commission in lieu of their services.

Example:

An escrow account can be used in the sale of a house. If there are conditions to the sale (like passing of an inspection); the buyer and seller may agree to use escrow. In this case, the buyer of the property will deposit the payment amount for the house in an escrow account held by a trusted party. This assures the seller - in the process of allowing the house to be inspected - that the buyer is capable of making payment. Once all of the conditions to the sale are satisfied, the escrow transfers the payment to the seller, and title is transferred to the buyer.

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Contents are compiled from different resources. Respective copyrights are acknowledged.

K-Flakes # 2010-7 : Region Code Error in playing DVD/VCD: What is and how to fix?

Region Code Error in playing DVD/VCD: What is and how to fix?

There have been instances when you will find ‘Region Code Error’ while attempting to play movies DVD/VCD purchased. This content here is to provide information which will help understand the problem and take action to enjoy the movies having this issue.

Every movie VCD/DVD is stored in a format, which have been adopted in the country. E.g. the movie format in a DVD/VCD purchased in India may not be compatible with the standard used in Japan. Ideally all DVD players manufactured in a country should ideally be capable of playing back the standard formats. However, some models of DVD players which are purchased abroad; or made for any other countries, may not accept the DVD formats of your country.

This is experienced through the following symptoms:

·         ‘Region Code Error’ displayed on the TV screen

·         ‘Cannot Play Disc’ displayed on the TV screen

·         Screen goes blank.

In the event of any of the above symptoms being encountered, please do the following:

·         Contact the retailer from where the player was purchased, or better still, the manufacturer. The region code can be reset through simple operations using the DVD remote.

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Contents are compiled from different resources. Respective copyrights are acknowledged.