Credit, Loans & Mortgages

  1. How to Use Your Credit and Debit Card Safely

    Arm yourself with these strategies on how to safely use your credit and debit cards, and protect yourself from fraud and ...
  2. What Makes An M&A Deal Work?

    Do you know why companies merge? Here we'll take a look at three successful company acquisitions and why they succeeded. ...
  3. 9 States With the Highest Tax Burdens

    Which state you live in can mean thousands of dollars saved or lost in taxes each year. Here's a list of states to avoid ...
  4. It's All Related: Interest, Mortgages, the Economy

    The article looks into the relationship between the economy, interest rates and mortgage rates.
  5. Deferred Interest

    The amount of interest that is added to the principal balance of a loan when the contractual terms of that loan allow for ...
  6. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  7. Murabaha

    An Islamic financing structure, where an intermediary buys a property with free and clear title to it. The intermediary and ...
  8. Bad Credit

    A qualification of an individual's credit history that indicates that a borrower carries a higher credit risk. A low credit ...
  9. Uncommitted Facility

    An agreement between a lender and a borrower whereby the lender agrees to make funding available to the borrower, but is ...
  10. 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, ...
  11. 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 ...
  12. 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 ...
  13. 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 ...
  14. Grace Period

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

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

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

    The satisfaction of a debt or installment payment before its official due date. A prepayment can be for the entire balance ...
  18. Bank Identification Number - BIN

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

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

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

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

    The amount of credit that a financial institution extends to a client. Credit limit also refers to the maximum amount a credit ...
  23. 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. ...
  24. 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 ...
  25. 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. ...
  26. Covenant

    A promise in an indenture, or any other formal debt agreement, that certain activities will or will not be carried out. Covenants ...
  27. 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 ...
  28. 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 ...
  29. 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 ...
  30. 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 ...
  31. 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 ...
  32. A Guide to Buying a House in the U.S.

    A complete guide to buying a house in the U.S.
  33. 10 Tips for Managing Your Student Loan Debt

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

    Paying these rates can impact your disposable income and your investment returns.
  35. 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 ...
  36. Microsoft Enters the Mobile Payments Business (MSFT)

    Microsoft has relaunched its mobile wallet which allows Windows 10 Mobile Users Tap-To-Pay feature.
  37. 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.
  38. Reverse Mortgage Pitfalls

    Before tapping your home equity through a reverse mortgage, find out what could go wrong.
  39. 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.
  40. 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.
  41. 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 ...
  42. An Insight Into American Personal Loan Habits (DFS)

    A survey commissioned by Discover Personal Loans reveals interesting information about American financial habits.
  43. 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 ...
  44. Credit Report

    A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan ...
  45. Insolvency

    When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become ...
  46. Non-Recourse Finance

    A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from ...
  47. Purchase APR

    The annual percentage rate that applies to outstanding balances on purchases made using a credit card. The purchase APR is ...
  48. Closed-End Credit

    A loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid, including ...
  49. Sovereign Debt

    Bonds issued by a national government in a foreign currency, in order to finance the issuing country's growth. Sovereign ...
  50. Default Risk

    The event in which companies or individuals will be unable to make the required payments on their debt obligations. Lenders ...
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    YouTube's Partner Program helps users earn money through their channels. Find out how.
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    Cyber Monday is becoming more popular than Black Friday. Here's why.
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