PRIVATE MORTGAGE INSURANCE - PMI
A policy by private mortgage issuers to protect lenders against loss if a borrower defaults. Most lenders require PMI for loans with loan-to-value (LTV) percentages in excess of 80%. This allows the borrower to make a smaller down payment of as low as 3%, instead of about 20%, and usually requires an initial premium payment and possibly an additional monthly fee depending on the loan's structure.
POPULAR TERMS
Golden Hammer
Over reliance on a specific instrument to perform all kinds of functions. This principle states given a particular tool to use, all seems like a su ...
Mixed Economic System
An economic system with features of both capitalism and socialism. It lets a level of private economic freedom in using capital, but also allows fo ...
Horizontal Audit
An evaluation of a given process across several departments within an organization. A horizontal audit is appropriate for activities that are simil ...
Carbon Credit
Permit issued to holder, which allows for emitting one ton of carbon dioxide. Credits are given to groups or nations that have decreased their gree ...
Net Asset Value Per Share - NAVPS
This refers to the value of a company per share, and is calculated by dividing the total net asset value of the company by the number of shares out ...
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SEE FOREX TUTORIAL
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
A Guide to Your Personal Income Tax: Essentials
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 Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
Principles of Trading: Leverage and Margin
All novice and seasoned traders need to befriend these two great tools to achieve success in trading: leverage and margin.
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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09:00 | CPI | Apr | |
11:00 | 10-y Bond Auction | Apr | |
11:00 | Consumer Confidence | ||
14:00 | CPI | Apr | |
14:00 | Harmonized CPI | Apr | |
01:01 | BRC Shop Price Index | Apr | |
01:30 | Unemployment Rate | Mar | |
01:50 | Retail Sales | Mar | |
01:50 | Industrial Production | Apr |