What are High Net Worth, Solicited & Unsolicited Proposal, Pro-Rata ?
Particulars
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Description
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High Net Worth:
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According to TAX regulation who have at least Tk. 2.00 crore and above assets they are called High net Worth.
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Solicited Proposal
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A solicited proposal is when the customer asks for a proposal. They may ask verbally or they may issue a written Request for Proposals (RFP). F.X: Customer applies for credit.
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Unsolicited Proposal
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An unsolicited proposal is when you send them a proposal they haven't even asked for because you think they should buy from you or take some action. F.X: Tendering Process
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Pro-Rata
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Pro rata is the term which is used to describe a proportionate allocation. It is a method of assigning an amount to a fraction according to its share of the whole. While a pro rata calculation can be used to determine the appropriate portions of any given whole, it is most commonly used in business finance.
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