EDUCATION LOAN
Money borrowed to fund education or school-related costs. Payments are frequently remitted while teaching in school and have a six-month grace period after graduation. Sallie Mae is the biggest source of education loans, which has two major types of loan: the Stafford loan and the Perkins loan. These loans have low interest rates and requires no credit check or collateral.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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