RATE-IMPROVEMENT MORTGAGE
A fixed-rate mortgage with one opportunity, at a time of the borrower's choosing but in the early years of a loan, to reduce the rate to market interest at that time. The loan will then continue at the new interest rate, which cannot be changed again.
POPULAR TERMS
Quote Driven Market
An electronic stock exchange system in which prices are determined from bid and ask quotations made by market makers, dealers or specialists. In a ...
Confidential Treatment Order - CTO
Order giving confidential treatment for specific documents and information a firm will file. The Securities and Exchange Commission (SEC) issues th ...
Kickback
A bribe or a payment from an individual in business or private sector for a person in the government or politics. It aims to persuade or influence ...
Austrian School
School that was formed in Vienna in 19th century by Carl Menger. It believes that the workings of broad economy is the sum of small actions of some ...
Mumbai Interbank Forward Offer Rate - MIFOR
A rate the Indian banks and other derivative market partaker utilized as a benchmark for fixing prices on the forward rate arrangements and interes ...
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SEE FOREX TUTORIAL
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
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 ...
Buying a Home: Looking for an Agent
You will need to find an agent if you want to purchase your dream house. These agents are the only ones who have access to lock box codes, which ar ...
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 ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
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14:30 | Building Permits | Mar | |
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