LOAN MODIFICATION
The process of altering the terms and conditions of an existing loan in line with the borrower’s long-term incapability to repay the loan. Made by a borrower or lender, it usually involves reducing interest rate, extending the duration of the term, a different type of loan, or any combination of the three. A lender might be open to changing the loan because the cost of loan modification is less expensive than the cost of default.
POPULAR TERMS
Liquidated Damages
The provision in a written agreement or legal contract that allows paying the total amount of compensation in the event a party breaches some part( ...
Uptrend
Uptrend is the general upward direction of a financial assets’ price movement. If the successive peak and trough is higher than the previous ...
Dogecoin
Decentralized, peer-to-peer open source virtual currency under the category of altcoins. Introduced in 2013, the cryptocurrency’s logo is a S ...
Debt Relief
The reorganization of debt in any shape or form, so as to provide the indebted party with a measure of relief, either fully or partially, from a hu ...
International Currency Exchange Rate
Rate at which two currencies can be converted to another. It reflects the amount of one unit of a currency that can be exchanged for another curren ...
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SEE FOREX TUTORIAL
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
Ethical Investing: Knowing Human Rights and Workers` Rights
Ethical investors want to know how corporations treat people, specifically their workers. They depend on the UN Universal Declaration of Human Righ ...
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 ...
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
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| 02:00 | ANZ Commodity Prices | Sep | |
| 02:30 | Tertiary Industry Index | Sep | |
| 02:30 | PMI Composite | Sep | |
| 07:00 | Consumer Confidence | Sep | |
| 09:15 | PMI Services | Sep | |
| 09:15 | Composite PMI | Sep | |
| 09:45 | PMI Services | Sep | |
| 09:45 | PMI Composite | Sep | |
| 09:50 | PMI Services | Sep |
