RIGHT OF RESCISSION
A right under federal law set forth by the Truth in Lending Act that gives a borrower the right to cancel a home equity loan or line of credit with a new lender, or to cancel a refinance transaction done with another lender other than the current mortgagee within three days of closing. The right is provided on a no-questions-asked basis, and the lender must give up its claim to the property and refund all fees within 20 days of exercising of the right of rescission.
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Retaliatory Eviction
It occurs when a landlord takes revenge against the actions of a tenant by evicting, or failing to renew the lease of that tenant.
Variable Overhead
Variable Overhead refer to indirect costs that fluctuate, depending on the level of activity in a particular business operation, but are neverthele ...
Currency Option
Contract which gives the holder the right to purchase or sell currency at a given exchange rate over a specified time period. A premium is paid off ...
Quick-Rinse Bankruptcy
A bankruptcy procedure that is faster to resolve than a regular bankruptcy procedure. This procedure skips the court which would have delayed the p ...
Employment Cost Index - ECI
Quarterly report measuring the growth of employee compensation such as wages and benefits. Compiled by the US Department of Labor’s Bureau of ...
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SEE FOREX TUTORIAL
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
Do I Need to Move Out or Renovate My House?
Before deciding whether to move our or remodel your home, you need to consider some other factors.
Emotional Attachments. You&rs ...
Macroeconomics: Basic Concepts
The concepts involved in macroeconomics focus on three fields, including national output and income, unemployment, and inflation and deflation. The ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start y ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Real GDP | 3 quarter | |
| 04:00 | Fixed Asset Investment | Sep | |
| 04:00 | Industrial production | Sep | |
| 04:00 | Retail Sales | Sep | |
| 04:00 | Unemployment Rate | Sep | |
| 04:00 | NBS Press Conference | ||
| 08:00 | PPI | Sep | |
| 10:00 | Current Account (sa) | Aug | |
| 14:30 | Industrial Product Price Index | Sep |
