AVERAGE DAILY BALANCE METHOD
An accounting method in credit cards where the charges in interests are based on the amount owed everyday. To get the average daily balance the balance per day is summed and then divided to the number of days. The total average is then multiplied interest rate. To get the monthly interest rate divide the APR by 12.
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Transportation Bond
Fixed-income obligations used in financing public transportation systems including bridges, cargo ports, highways, and public transit. It may also ...
Stipend
Predetermined amount of money given regularly to help an individual offset his expenses. These are frequently provided to those who are ineligible ...
RICS House Price Balance
An indicator of the expected monthly change in house prices in the United Kingdom, published by the Royal Institution of Chartered Surveyors (RICS) ...
Combination Loan
Transaction comprised of two separate loans with the same borrower by the same lender. The initial loan is us ...
Beneficial Owner
He or she receives the benefits of an ownership even if the title is in another name.
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SEE FOREX TUTORIAL
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Macroeconomics: Basic Concepts
The concepts involved in macroeconomics focus on three fields, including national output and income, unemployment, and inflation and deflation. The ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Nov | |
| 08:30 | RBA Assistant Governor Christopher Kent Speaks | ||
| 12:00 | Current Account (sa) | Sep | |
| 15:15 | Housing Starts | Oct | |
| 15:30 | Foreign Securities Purchases | Sep | |
| 17:00 | NAHB Housing Market Index | Nov | |
| 23:00 | TICS | Sep | |
| 02:30 | Monetary Policy Meeting Minutes | ||
| 09:00 | Trade Balance | Oct |
