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.
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Growth Accounting
Technique of assessing a set of economic techniques or theories to identify the specific factor(s) influencing an economy’s growth. Areas fre ...
Zero-Sum Game
Zero-Sum Game refers to a situation wherein the gains of a participant is another participant’s losses. The gains shall only amount to how mu ...
Character Loan
Unsecured loan based on the borrower’s reputation and/or credit history. Normally, they can obtain only small loans through this method. If t ...
Terence Conran
Founder and Chairman of Conran Holdings Ltd., London-based design firm. His career began when he worked with Rayon Centre as textile designer in 19 ...
Short-Term Investments
Short-Term Investments is an account that is composed the investments of the company that has an expiration date of one year or less. Typically, th ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | ANZ Jobs Advertisements | Dec | |
| 05:05 | Trade Balance | Dec | |
| 10:00 | SECO Consumer Confidence | Dec | |
| 23:00 | NZIER Business Confidence | 4 quarter | |
| 01:30 | Westpac Consumer Sentiment | Jan | |
| 01:50 | Bank Lending | Dec | |
| 01:50 | Current Account | Nov | |
| 07:00 | Economy Watchers Survey | Dec |
