MORTGAGE INTEREST DEDUCTION
An itemized deduction which allows homeowners to reduce the interest they pay on any loan used for building, purchasing, or improving their residence. It can also be taken on loans for secondary homes and vacation residences but with some limitations. The amount of deductible mortgage interest is stated annually by the mortgage company on Form 1098.
POPULAR TERMS
Syndicate
Professional lenders or underwriters grouped to facilitate a huge transaction that is difficult or impossible to be handled by an entity alone. Syn ...
Foreign-Exchange Risk
The risk of the value of an investment changing due to changes in currency exchange rates.
Outright Futures Position
It is a long or short trade on an underlying futures contract that has a potential for unlimited profits, but may also carry risk for unlimited los ...
Annual
An event that takes place once a year. The annual reports or events may include shareholder meetings, taxes, and corporate filings such as a 10-K. ...
Demand Note
A loan with no fixed term or set duration of repayment. It can be recalled upon the lenders request, assuming the notice required by the provisions ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | Wholesale Price Index | Aug | |
| 10:00 | Quarterly Unemployment Rate | 2 quarter | |
| 20:00 | Federal Budget Balance | Aug | |
| 02:00 | RBA Assistant Governor Luci Ellis Speaks | ||
| 03:30 | House Price Index | 2 quarter | |
| 03:30 | NAB Business Confidence | Aug | |
| 04:45 | RBA Governor Philip Lowe Speaks | ||
| 06:30 | Industrial Production | Jul | |
| 08:00 | Claimant Count Change | Aug |
