GROWING-EQUITY MORTGAGE
Mortgage with fixed interest rate in which monthly payments increase over time, based on a fixed schedule. The rate on the loan is constant and never has any negative amortization. The first payment is a fully amortizing payment. As the payments escalate, the additional amount over and beyond what would be a fully amortizing payments goes directly to the principal on the mortgage, decreasing the life of the mortgage and increasing interest savings.
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Intraday Intensity Index
A volume-based technical indicator that represents the flow of funds for a security based on where it closes in its high and low range. Computed as ...
Net Investment
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Chameleon Option
Option with the capacity to change its structure if predetermined terms are met including specified increase or decrease in the spot price. Investo ...
CFA Franc
One of two currencies used in Africa, which is backed by the French treasury. The currency is pegged to the euro. It may pertain to either the West ...
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SEE FOREX TUTORIAL
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Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
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Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
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