Term of the day
Workout Agreement
Workout Agreement is a mutual agreement between a lender and a borrower to renegotiate the terms on a loan, which is technically in default, in order to avoid foreclosure or liquidation.
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Sergey Brin
Sergey Brin is the co-founder of the web giant Google along with Larry Page. Sergey was born in Moscow Russia on 1973. At the age of six, he and hi ...
Same-Day Funds
Same-Day Funds is money that can be withdrawn or transferred on the same day that it is deposited.
Food And Agriculture Organization - FAO
An agency in the United States that works to defeat hunger through helping developing countries to modernize and improve agriculture, fisheries, an ...
At The Money
A circumstance wherein the strike price of an option is identical to the underlying security's price. Both put and call options will be simulta ...
Tax Bracket
Rate at which an individual is taxed, which is set according to income levels. Taxpayers with lower income pay lower tax rates than individuals wit ...
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