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.
POPULAR TERMS
Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
An Introduction to Insurance
Most people in the world own insurance. Insurance take a lot of forms such as medical insurance, automobile insurance, and the most common of them ...
Retirement Planning: Allocating and Diversifying
The assets you select to invest in will depend on numerous factors, including your risk appetite and investment timeframe. The two primary factors ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 13:00 | Bundesbank Monthly Report | ||
| 15:30 | New Housing Price Index | Dec | |
| 17:00 | Consumer Confidence | Jan | |
| 17:00 | Leading Index | Dec | |
| 02:30 | NAB Business Confidence | Dec | |
| 02:30 | PMI Manufacturing | Jan | |
| 02:30 | Tertiary Industry Index | Jan | |
| 02:30 | PMI Composite | Jan | |
| 07:00 | BOJ Core CPI | Dec |
