UNDERWATER MORTGAGE
Underwater Mortgage is a home purchase loan that has a higher balance than the free-market value of the home. It prevents a homeowner from selling a house unless he/she has the cash to pay the loss. In most cases, it also prevents the homeowner from refinancing.
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Letter of Credit
A commitment or promise letter, from a bank or importer, that is written to the seller, which guarantees the payment will be received on time and i ...
Overnight Delivery Risk
A risk that exists as a result of conducting transactions between different time zones. It refers to how the recipient may not know whether the oth ...
Scenario Analysis
Scenario Analysis is the method of estimation to be used on a portfolio’s expected value after a designated amount of time taking into accoun ...
Sampling
Sampling is a process used in statistical analysis wherein a predetermined number of observations is taken from a larger population.
Multibank Holding Company
A firm that is a major shareholder of two or more banks. These companies are administered by the Bank Holding Company Act of 1956. They are subject ...
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SEE FOREX TUTORIAL
A Guide to Your Personal Income Tax: Steps to Take before April 15
Taxpayers, remember these two dates when filing your tax return: December 31 and April 15. We have previously discussed what to do before the year ...
Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
Introduction to Ethical Investing
Since time immemorial, investors look after better profits and income paying stocks. While many consider themselves as ethical investors, the commo ...
Student Loans: Private Loans
Majority of students consider federal loans as their first borrowing choice. But this loan may not be able to shoulder an entire tuition, not to me ...
What is the Standard Moving Cost?
You concluded remodeling is expensive upon considering all important factors. So you decided to move to another house instead. But, is moving less ...
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