INVOLUNTARY FORECLOSURE
Refers to an act the lender initiates procedures on taking possession of the house and selling it to regain the debt in the event a borrower defaults on a home mortgage loan. Normally, the borrower still becomes liable for the entire amount of the debt. If the house sells for less than the amount the borrower owed on the mortgage, the borrower may be mandated to settle the remaining balance.
POPULAR TERMS
Payment Shock
The risk that a scheduled future periodic payments of a loan may increase significantly, such as in increase of 40 to 100 percent or more.
Relative Value
Relative value is a method of determining the value of an asset that takes into account the value of similar assets.
Current Index Value
Most recently published interest rate used to determine the current payment index of an adjustable-rate mortgage (ARM). In the United States, the m ...
Conversion Rate
Ratio at which a currency can be converted for another. Also called exchange rate.
GBP
Abbreviation of the British pound sterling, the official currency of the United Kingdom. Zimbabwe also uses this currency. It is made up of 100 pen ...
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An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
Retirement Planning: The Significance of Retirement
Previously, we went through the overview of retirement. In this article, we will now explore its significance, before discussing how to map out a s ...
Options Transaction Via Day Trading
Given so many concepts and terminologies in the foreign exchange market, anyone outside the field of finance may have a hard time coping up. Howeve ...
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Real GDP | 3 quarter | |
| 04:00 | Real GDP (YTD) | 3 quarter | |
| 04:00 | Fixed Asset Investment | Sep | |
| 04:00 | Industrial production | Sep | |
| 04:00 | Retail Sales | Sep | |
| 04:00 | Unemployment Rate | Sep | |
| 04:00 | NBS Press Conference | ||
| 08:00 | Wholesale Price Index | Sep | |
| 12:00 | Bundesbank Monthly Report |
