Credit, Loans & Mortgages

  1. Finance Charge

    A fee charged for the use of credit or the extension of existing credit. May be a flat fee or a percentage of borrowings, ...
  2. Assessed Value

    The dollar value assigned to a property for purposes of measuring applicable taxes. Assessed valuation is used to determine ...
  3. Equated Monthly Installment - EMI

    A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments ...
  4. Moratorium

    1) A period of time in which there is a suspension of a specific activity until future events warrant a removal of the suspension ...
  5. Cash Advance

    A service provided by many credit card issuers allowing cardholders to withdraw a certain amount of cash, either through ...
  6. Zero-Lot-Line House

    A piece of residential real estate in which the structure comes up to or very near to the edge of the property line. Zero-lot-line ...
  7. Grace Period

    A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the ...
  8. Prime Rate

    The interest rate that commercial banks charge their most credit-worthy customers. Generally a bank's best customers consist ...
  9. Financial Institution - FI

    An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, ...
  10. Prepayment

    The satisfaction of a debt or installment payment before its official due date. A prepayment can be for the entire balance ...
  11. Bullet Repayment

    A lump sum payment for the entire loan amount paid at maturity. A bullet repayment is often linked to ballon loans or similar ...
  12. Bank Identification Number - BIN

    The first four to six digits of a credit card. The bank identification number identifies the institution issuing the card. ...
  13. Unsecured Loan

    A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured ...
  14. Signature Loan

    A type of personal loan offered by banks and other finance companies that uses only the borrower's signature and promise ...
  15. Export Credit Agency - ECA

    A financial institution or agency that provides trade financing to domestic companies for their international acitivites. ...
  16. Credit Limit

    The amount of credit that a financial institution extends to a client. Credit limit also refers to the maximum amount a credit ...
  17. Prepayment Penalty

    A clause in a mortgage contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. ...
  18. Purchase-Money Mortgage

    A mortgage issued to the borrower by the seller of the home as part of the purchase transaction. This is usually done in ...
  19. Emergency Fund

    An account that is used to set aside funds to be used in an emergency, such as the loss of a job, an illness or a major expense. ...
  20. Debt Instrument

    A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance ...
  21. Covenant

    A promise in an indenture, or any other formal debt agreement, that certain activities will or will not be carried out. Covenants ...
  22. How A Cash Advance Works

    Understand who benefits most from cash advances – and when it might make sense to get one.
  23. How to Use Home Equity for an Immediate Income Play

    While it is not without risk, it is possible to use the equity in your home, especially if the mortgage is paid off, to invest ...
  24. The Best Alternatives to Payday Loans

    If you are short on cash a week or more before your next paycheck, you may consider taking out a so-called payday loan. There ...
  25. MasterCard Stock Trades Ex-Dividend Wednesday (MA)

    MasterCard will send its dividend payment on August 9 to shareholders of record as of July 8.
  26. Top 10 States to Own a Big House (Tax-Wise)

    On top of the low property taxes and average housing costs, these states all tend to have great natural beauty and land worth ...
  27. Calculating Iran's Possible Credit Rating

    Iran's central bank deputy governor says the country could be in line to receive a credit rating. IMF economic data show ...
  28. A Guide to Buying a House in the U.S.

    A complete guide to buying a house in the U.S.
  29. Comparison of a 30-Year vs. a 15-Year Mortgage

    Most homebuyers compare the monthly payments between mortgages, but what about these other points?
  30. The Top Three U.S. Cities For Beer Lovers

    Location matters a lot when buying a home but beer lovers they may want to consider residing in three beer friendly American ...
  31. Moody’s Cuts Singapore Banking Outlook to Negative

    Moody’s Investors Services cut the outlook for Singapore’s Banking industry to negative citing high exposure to energy-related ...
  32. The 5 Dumbest Financial Decisions to Make

    Have you made any of these financial mistakes? Here's what not to do.
  33. 4 Signs You're In Financial Trouble

    Here are some situations that should set off alarm bells.
  34. 10 Tips for Managing Your Student Loan Debt

    How to manage those burdensome payments as you embark on adult life.
  35. Understanding Credit Card Interest

    Paying these rates can impact your disposable income and your investment returns.
  36. Two Financials To Sell Short At Resistance (JPM, MA)

    The financial sector got clobbered after the Brexit referendum and should offer profitable short sales when the latest relief ...
  37. Why Delaying Retirement for Your Child’s College Is a Bad Idea

    Sparing your child a mountain of student loans is admirable, although it might not make sense to delay your retirement in ...
  38. The Emerging Market Opportunity in a Yield Drought

    Learn why investors face the choice of either accepting lower income or increasing risk in their bond portfolios in the search ...
  39. If C&I Credits Are Worsening, Are U.S. Banks Still Solid? (BAC, XLF)

    Learn about trends in commercial and industrial loan portfolios at big banks and why increases in nonperforming loans might ...
  40. Microsoft Enters the Mobile Payments Business (MSFT)

    Microsoft has relaunched its mobile wallet which allows Windows 10 Mobile Users Tap-To-Pay feature.
  41. The 10 Most Expensive Zip Codes in California

    California has some of the priciest ZIP codes in the U.S. And these are the priciest in California.
  42. Reverse Mortgage Pitfalls

    Before tapping your home equity through a reverse mortgage, find out what could go wrong.
  43. How Many Credit Cards Should You Carry?

    If you have ever wondered whether you should carry one, two or more cards, read on and we'll tell you.
  44. Equity Residential Trades Ex-Dividend Thursday (EQR)

    Equity Residential will send its dividend payment on July 8 to shareholders of record as of June 27
  45. Invesco Mortgage Stock Trades Ex-Dividend Thursday (IVR)

    Invesco Mortgage will send its dividend payment on July 26 to shareholders of record as of June 27.
  46. New York Mortgage Trust Trades Ex-Dividend (NYMT)

    New York Mortgage will send its dividend payment on July 25 to shareholders of record as of June 27.
  47. How Banks Set Interest Rates on Your Loans

    Many factors go into how banks set interest rates for loans. Use this information to negotiate the best possible rate when ...
  48. An Insight Into American Personal Loan Habits (DFS)

    A survey commissioned by Discover Personal Loans reveals interesting information about American financial habits.
  49. Total Systems Services Trades Ex-Dividend Tuesday (TSS)

    Total Systems will send its dividend payment on July 1 to shareholders of record as of June 23.
  50. FICO Score

    A type of credit score that makes up a substantial portion of the credit report that lenders use to assess an applicant's ...
Save Money
  1. 5 Ways To Make Your Home Remodels Pay Off

    Here are five ways to make your home renovation worth the money and effort you put into it.
  2. Differences Between Private Foundations And Public Charities

    Here's a look at the differences between these types of charitable organizations.
  3. How To Monetize Your YouTube Channel

    YouTube's Partner Program helps users earn money through their channels. Find out how.
  4. The World's Most Valuable Private Companies

    In spite of the rewards going public can bring, some companies prefer to remain private, and they are very successful in this.
  5. Is Cyber Monday The New Black Friday?

    Cyber Monday is becoming more popular than Black Friday. Here's why.
Trading Center