ACQUISITION DEBT
A financial obligation obtained through the improvement, construction, or purchase of a secondary or primary residence. One of the examples for acquisition debt is home mortgage. The Internal Revenue Services (IRS) gives certain tax advantages for those who have home acquisition debt. The taxpayers can subtract the interest paid throughout the tax years for mortgages which qualifies as a home acquisition debt. The IRS acknowledge home acquisition debt as any mortgage acquired after October 13,1987 that was used to build, buy or significantly improve a primary or secondary home. The home also secures the mortgage.
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BWP - Botswana Pula
Currency abbreviation for the Botswana Pula, the official currency of the Republic of Botswana. Presented with the symbol P, the currency is subdiv ...
Usury Rate
Usury Rate is the rate of interest that typically is unreasonably higher than the current market rates. Usury rate are most likely to be found in t ...
Hypermarket
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Intermarket Trading System - ITS
An electronic computer system that connects the trading floors of all the main equity US exchanged. Essentially, the system allows any broker or ma ...
Global Industry Classification Standard - GICS
Standardized classification system for equities developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's. The industr ...
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