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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Fraternal Organization
A brotherhood organization whose members freely associate for a mutually beneficial purpose such as for professional, and social principles.
Closed Loop MRP
Manufacturing resource planning system used in production planning and inventory control, with an information feedback feature allowing plans to be ...
Escalator Clause
Contract provision calling for an increase in prices to another party. These are normally linked to factors beyond their control such as inflation. ...
Tracker Fund
Index fund trailing the performance of a broad market index or segment. It invests in all or some of the securities within the fund. Also called in ...
Debenture
It is a debt instrument that is not secured by a physical asset or a collateral. It is backed by general creditworthiness of the issuer. Both corpo ...
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| Time | Country | Indices | Period |
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| 02:30 | PMI Manufacturing | May | |
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| 08:30 | Commodity Prices | May | |
| 09:15 | PMI Manufacturing | May | |
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