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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Bank-Owned Property
Properties that are in the bank inventory after the sale. It is usually the houses that are not paid by the original owners and the bank will sell ...
Development Stage
A firm that is in the early stage of its corporate life. It focuses on market research and development.
Unsecured Loan
Unsecured Loan is a kind of loan whose collateral is only the borrower’s “creditworthiness” and not any form asset. Unsecured loa ...
Off-The-Run Treasury Yield Curve
These are treasuries that refer to the U.S. government bonds of a specific maturity which are not the most newly issued. While they are not as new ...
UM
Uninsured motorist coverage is a supplementary insurance on your automobile insurance policy. It is a provision in case of accident when the other ...
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Most investors ask this question, particul ...
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | Retail Sales | Oct | |
| 11:00 | M3 Money Supply | Oct | |
| 11:00 | Private Sector Credit | Oct | |
| 13:00 | CBI retail sales volume balance | Nov | |
| 15:30 | Current Account | 3 quarter | |
| 19:00 | FOMC Member James Bullard Speaks | ||
| 19:00 | FOMC Member John C. Williams Speaks | ||
| 01:30 | Unemployment Rate | Oct | |
| 01:50 | Retail Sales | Oct |
