DEFERRED INTEREST
The amount of interest that is added to the principal balance of a loan when the contractual terms of that loan allow for a scheduled payment to be made that is less than the interest due. When a loan's principal balance increases because of deferred interest, it is known as negative amortization. Adjustable-rate mortgages with a deferrable interest feature are typically known as payment option ARMs. Fixed-rate mortgages with a deferrable interest feature are typically known as graduated-payment mortgages.
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Progress Billings
A series of invoices prepared at different stages in the process of a major project, in order to seek payment for the percentage of work that has b ...
Single Interest Insurance
Single interest insurance is an insurance policy to protect lenders in case of a default. The security interest in stated property such as cars and ...
Comparative Interest Rate Method
Interest-adjusted technique of getting the cost difference between insurance policies. It illustrates the difference a whole life policy and a decr ...
Philadelphia Stock Exchange - PHLX
PHLX was the first securities exchanged to be formed in the U.S. It was created in 1970, and it trades currency, equity and index options.
Dow Jones Wilshire Mid-Cap Index
Mid-cap subset of the Dow Jones Wilshire 5000 Composite Index. It is comprised of companies ranked 501 to 1,000 in terms of their market capitaliza ...
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SEE FOREX TUTORIAL
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In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
Buying a Home: Writing an Offer
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Buying a Home: Getting Pre-Approved for a Mortgage
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | Bundesbank Monthly Report | ||
| 16:00 | New Home Sales | Sep | |
| 17:30 | SNB Chairman Thomas Jordan Speaks | ||
| 23:45 | Trade Balance | Sep | |
| 04:30 | RBA Deputy Governor Guy Debelle Speaks |
