LOAN LOCK
The act of securing a certain interest rate on a mortgage loan still for approval. Loan lock sets the interest rate a borrower needs to pay as long as the loan stops before the end of lock period, which usually lasts for 30 to 60 days. But in markets where the processing is slow, it can last for about 90 days.
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Loss Carryback
An accounting technique where a company chooses to retroactively apply net operating losses to the previous year’s income in order to decreas ...
Retail Banking
Typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include savings and checking ...
Capital Stock
The preferred and common stock a firm is approved to disperse,based to their corporate charter. This symbolizes the extent or bulk of the equity po ...
Overfunded Pension Plan
It is a company retirement plan that has more assets than liabilities. Basically, there is a surplus amount of money needed to cover current and fu ...
Financial Risk
The possibility that shareholders will lose money when they invest in a company that has debt, if the company's cash flow proves inadequate to ...
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SEE FOREX TUTORIAL
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 ...
Student Loans: Consolidating Private Loans
Fixed interest rates.
That is one viable reason for consolidating private loans although you are not mulling over that option. Private lo ...
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 ...
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
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