Personal Finance

  1. Annual Dividend (Insurance)

    In the insurance industry, an annual dividend is a yearly payment given by an insurance company to a policyholder.
  2. Medical Underwriting

    Medical underwriting is the process of assessing the risk associated with providing health insurance coverage.
  3. Implied Authority

    Implied authority refers to an agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the ...
  4. Insurance Guaranty Association

    An insurance guaranty association protects policyholders and claimants in the case of an insurance company’s impairment or ...
  5. Auto Insurance

    Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident.
  6. Commutation

    Commutation refers to the rights of beneficiaries to exchange one type of income for another.
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  1. Subprime Loan

    A subprime loan is a loan offered at a rate above prime to individuals who do not qualify for prime rate loans.
  2. Warehouse Lending

    Warehouse lending is credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially ...
  3. Floating Charge

    A floating charge is a security (i.e. mortgage, lien, etc.) that has an underlying asset or group of assets subject to change ...
  4. Co-Borrower

    A co-borrower is any additional borrower whose name appears on loan documents and whose income and credit history is used ...
  5. Interest-Only Mortgage

    An interest-only mortgage is a type of mortgage in which the mortgagor is required to pay only interest with the principal ...
  6. Issuer Identification Number (IIN)

    The issuer identification number (IIN) is the first few digits of a payment card number issued by a financial institution. ...
  1. Parking

    Parking is the illegal practice of selling shares to another party with the understanding that the original owner will buy ...
  2. Nonprofit Marketing

    Nonprofit marketing is activities and strategies that spread the message of the organization, as well as to solicit donations ...
  3. Implied Authority

    Implied authority refers to an agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the ...
  4. Advisors: Top Ways to Find Your First Clients

    Getting your first clients as a financial advisor can be a challenge and takes time. Here are three ways to get started.
  5. Commutation

    Commutation refers to the rights of beneficiaries to exchange one type of income for another.
  6. Named Perils Insurance Policy

    A named perils insurance policy is a home insurance policy that only covers losses incurred to your property from hazards ...
  1. Transportation Expenses

    Transportation expenses are costs incurred by an employee or self-employed taxpayer while away from home in a travel status ...
  2. Credit Shelter Trust - CST

    A Credit Shelter Trust allows a surviving spouse to pass on assets to his or her children estate-tax free.
  3. Repatriable

    Repatriable means that a financial asset is capable of being moved from a foreign country and returned to its country of ...
  4. When You Should Change Your Withholding Tax

    When there are major changes in your life, you should adjust your withholding to ensure you aren't paying too much in taxes. ...
  5. I will be receiving monies from a QDRO executed pursuant to my divorce. I would like to take a portion of the money as a distribution to pay for a new home. What are the tax implications of doing this?

    There are several issues to consider, including the lack of an early distribution penalty and federal tax withholding.
  6. Principal Residence

    The main home that a person inhabits and uses for the majority of the time is considered their principal residence.
  1. Collateral Value

    A collateral value is the estimated fair market value of an asset that is being used as loan collateral.
  2. Interest Deduction

    Interest deduction causes a reduction in taxable income or revenues for taxpayers who pay certain types of interest.
  3. Other Retirement Income Sources

    Social Security alone isn't enough for most Americans to live on, so you may need to get creative and discover other ways ...
  4. What is PMI, and does everyone need to pay it?

    No – PMI is only required of those who can't make a 20% down payment on the home they're purchasing.
  5. House Poor

    House poor is a situation that describes a person who spends a large proportion of his or her total income on home ownership, ...
  6. Short Sale (Real Estate)

    In real estate, a short sale occurs when a homeowner in financial distress sells his or her property for less than the amount ...
  1. 5 Ways You Can Be More Financially Responsible

    Consider these five tips to achieve financial stability and peace of mind.
  2. London, Paris, Rome: Shockingly Cheap Summer Fares

    This is definitely the summer to visit Europe if it's on your list. Even the Big Three are cheap in 2018. Book now.
  3. Shopping Online: Convenience, Bargains And A Few Scams

    Shopping from the comfort of your couch has major benefits - and some unpleasant side effects.
  4. Commutation

    Commutation refers to the rights of beneficiaries to exchange one type of income for another.
  5. Cost Per Available Seat Mile - CASM

    Cost per available seat mile (CASM) is a common unit of measurement used to compare the efficiency of various airlines, based ...
  6. 5 Items for Your Financial “Go-Bag”

    Smart planning can help ensure that you and your family are prepared for any kind of emergency. We explain how to improve ...
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  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.
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