SET-OFF CLAUSE
Set-Off Clause is a legal clause. It authorizes the lender to seize the deposit of a debtor in the case of default on the loan. A set-off clause is also the settlement of mutual debt between a debtor and creditor by offsetting the claims of the transaction so that the creditors may receive more than they typically do during bankruptcy proceedings.
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Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Pledged Asset
An asset transferred to a lender in order to secure a debt. The debt’s lender keeps possession of the pledged asset, but doesn’t have o ...
Long Bond
The 30-year US Treasury Bond, the longest maturity bond issued by the US Treasury. The interest is paid semi-annually and is considered the ...
WOM Marketing
Word-of-Mouth Marketing (WOM Marketing) is a form of marketing in which a consumer’s interest for a particular product or service is reflecte ...
Naked Position
It is a security position which is not hedged from the market risk. Both the potential gain and potential risk are larger when a position is ...
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SEE FOREX TUTORIAL
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 ...
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 ...
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 ...
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: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
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