FRONT-END RATIO
A ratio that indicates what portion of an individual's income is used to make mortgage payments. It is calculated as an individual's monthly housing expenses divided by his or her monthly gross income and is expressed as a percentage. Monthly gross income is simply annual income divided by 12 (months). Lenders use the front-end ratio in conjunction with the back-end ratio to approve mortgages.
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Dual Banking System
Banking system where state banks and national banks are chartered and regulated at various levels. Existing in the United States, national banks ar ...
Drop Dead Date
Provision in an agreement or contract stating the final deadline that will automatically trigger adverse consequences. It pertains to the last poss ...
Mortgage Banker
A company, individual, or entity who lends mortgages. These bankers utilizes their own funds or funds taken from a depot lender to finance mortgage ...
Intangible Personal Property
A property without intangible value and cannot be seen, touched or held. This includes copyright, goodwill, trademarks, and patents. A copyright do ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
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Macroeconomics: Basic Concepts
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In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
A Guide to Your Personal Income Tax: Steps to Take before April 15
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Income Sources for Creating Retirement Fund
We have already tackled the overview of retirement, its significance, and allocating money for it, the next we are about to discuss is looking for ...
Getting to Know The Federal Reserve
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | ANZ Jobs Advertisements | Mar | |
| 07:00 | Leading Indicators | Feb | |
| 08:00 | Halifax House Price Index | Mar | |
| 08:00 | Industrial Production | Feb | |
| 08:00 | Trade Balance | Feb | |
| 09:00 | Foreign Currency Reserves | Mar | |
| 10:30 | Sentix Investor Confidence | Apr | |
| 11:00 | Retail Sales | Feb | |
| 21:00 | Consumer Credit | Feb |
