INCOME SENSITIVE REPAYMENT - ISR
Method of repayment of loans serviced by lenders under the Federal Family Education Loan Program (FFELP). It aims to make repayment easier for borrowers with low income to afford monthly loan payments. An alternative to the income contingent repayment, the monthly loan payment amount is based on a fixed percentage of the borrower’s gross monthly income, between 4% and 25%. The monthly payment must be equal to or higher than the accrued interest amount.
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Regional Fund
Regional fund basically refers to a mutual fund that invests in a certain geographic area overseas, such as Europe, Asia or Latin America.
Drilling Mud
Liquid used in drilling boreholes, used in clearing the hole of debris from the drilling process, to ease the drill bit, and to pressurize the hole ...
Financial Asset Securitization Investment Trust - FASIT
A financing tool that allows for the securitization of non-mortgage assets and usually involves debt obligations with short maturities such as cred ...
Operating Cost
This the expenses involved in operating a business on a daily basis. It includes both variable and fixed costs.
Kellogg School of Management
This is Northwestern University’s business school which offers undergraduate program, doctoral program, executive education program, executiv ...
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The Types of Stock
Now that you’ve learned the basics of stocks, what it is, and how it works, we can now learn more about them. The next thing you need to know ...
Digesting Financial Statements: Long-Lasting Assets
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Starting Your Own Small Business: Financing a Business
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Retirement Planning: Creating a Nest Egg
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