HYBRID ARM
A hybrid adjustable-rate mortgage blends the characteristics of a fixed-rate mortgage and a regular adjustable-rate mortgage. This mortgage will have an initial fixed interest rate period followed by an adjustable rate period. After the fixed interest rate expires, the interest rate starts to adjust based on an index plus a margin. The date at which the mortgage changes from the fixed rate to the adjustable rate is referred to as the reset date.
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Trailer Fee
Fee a mutual fund manager pays to a salesperson for selling the fund to investors. The salesperson provides continuous investment advice and servic ...
Unemployment Compensation Amendment of 1992
Unemployment Compensation Amendment of 1992 is a law in the United States allowing a terminated employee to take employer-sponsored retirement savi ...
Ex Coupon
Bond or preferred stock without the interest payment or dividend when bought or sold, with the knowledge the investor won’t get the next inte ...
Institutional Buyout - IBO
Refers to the act of an institutional investor of acquiring a controlling interest in a company. Normally, the investor in IBO will seek to give ou ...
Oligopoly
Oligopoly happens when a certain market is controlled by small group of firms. It is just much like monopoly, where only one company controls over ...
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SEE FOREX TUTORIAL
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
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