AVERAGE DAILY BALANCE METHOD
An accounting method in credit cards where the charges in interests are based on the amount owed everyday. To get the average daily balance the balance per day is summed and then divided to the number of days. The total average is then multiplied interest rate. To get the monthly interest rate divide the APR by 12.
POPULAR TERMS
Take a Bath
Slang term for a situation in which investor sustained a huge amount of loss from an investment or speculative position. Investors experiencing thi ...
Austerity
Its main purpose is to measure the measures the government did to reduce the expenditure in an attempt to decrease their growing deficit.
Trade Surplus
Situation in which a country’s exports is higher than its imports, reflecting a net inflow of domestic currency from international markets.
Health Insurance
An insurance that pays for medical expenses incurred by the insured.
Substantial Gainful Activity - SGA
Threshold placed by the Social Security Administration to evaluate the eligibility for disability benefits. A specified dollar amount, it is update ...
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As the biggest market in the world, the foreign exchange market or forex is also one of the most participated in the world. As such, learning about ...
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
How Do You Intend to Live?
How do you want to live?
You are no longer happy with the current state of your home. So you are mulling the idea of moving out or remode ...
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Business Confidence | Aug | |
| 03:30 | PMI Manufacturing | Aug | |
| 03:30 | Non-Manufacturing PMI | Aug | |
| 03:30 | Private Sector Credit | Jul | |
| 03:30 | Company Operating Profits | 2 quarter | |
| 07:00 | Housing Starts | Jul | |
| 14:00 | CPI | Aug | |
| 14:00 | Harmonized CPI | Aug | |
| 01:01 | BRC Shop Price Index | Aug |
