DEBT CANCELLATION CONTRACT
It is when the bank agrees to cancel the customer’s obligation to repay a loan in cases like death or termination of work. A debt cancellation contract is an alternative to a life insurance plan. Debt cancellation contracts are a product that banks offer in lieu of credit insurance plans for credit cards and other forms of bank credit. Instead of credit insurance premiums, the customer pays the bank a fee.
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Netting
Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
Lemming
An investor who follows the crowd in investing without doing any research on his/her investments. Usually, lemming results to significant losses. T ...
Transaction Deposit
Bank deposit that can be immediately withdrawn, transferred, or otherwise transacted by the depositor. Banks are required to maintain reserves on h ...
Value Fund
Value Fund refers to a stock mutual fund that holds stocks, which are believed to be undervalued in price but are likely to be capable of paying di ...
Market Order
Most common way of carrying orders; an instruction or order from a client, via broker or brokerage service, to immediately purchase or sell an inve ...
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| Time | Country | Indices | Period |
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| 05:00 | Credit Card Spending | Mar | |
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| 14:30 | Raw Materials Price Index | Mar | |
| 16:00 | Consumer Confidence | Apr | |
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| 02:30 | Tertiary Industry Index | Apr | |
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| 08:00 | Public Sector Net Borrowing | Mar |
