LOCK PERIOD
Specified number of days, usually 30 or 60 days, by which the interest rate promised on a pending mortgage loan cannot be modified. Because mortgage interest rates can shift while looking for a home, borrowers who are waiting to close on a home can face apprehensions as to what the interest rate will be. The more expensive the house, the greater the impact the final interest will be in the monthly payment. It aids borrowers manage the risk the interest rates may increase above what they can and are willing to pay.
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IRS Publication 971: Innocent Spouse Relief
A document that outlines three classifications of tax liability relief that is available to married couples or former spouses who submitted joint i ...
Trading Account
1. Account created for holding cash and securities, which is managed by an investment dealer.
2. Account in a financial institution that ...
Big Five Banks
This is a reference used in Canada. This is used for the five largest bank in Canada which are The Bank of Montereal, The Bank of Nova Scotia, The ...
Regulation L
Regulation L prohibits specific types of interlocking arrangements with directors for member banks and their respective holding companies.
American Jobs Creation Act of 2004
Designed for multinational corporations, domestic manufacturers and other entities, as well as energy sector and the agriculture. It has 270 provis ...
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SEE FOREX TUTORIAL
Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
Before anything else, one h ...
Retirement Planning: Last-Minute Preparation
The road to comfortable and enjoyable retirement is not an easy road. You will experience some challenges along the way as you save up for your gol ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
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 ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 09:00 | GDP | 3 quarter | |
| 09:00 | Current Account | 3 quarter | |
| 09:00 | Business Investment | 3 quarter | |
| 09:00 | Import Price Index | Nov | |
| 10:00 | GDP | 3 quarter | |
| 15:30 | Gross Domestic Product | Oct | |
| 15:30 | Industrial Product Price Index | Nov | |
| 15:30 | Raw Materials Price Index | Nov | |
| 15:30 | Durable Goods Orders | Nov |
