MORTGAGE SHORT SALE
The sale of a mortgaged property by a financially distressed borrower for the remaining outstanding mortgage balance. The proceeds will be used to repay the lender, which receives less than full repayment of the mortgage, making the borrower free from the mortgage obligation. This is to prevent what would amount to bigger losses for the lender if to be foreclosed on the mortgage.
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Certificate of Origin - CO
Document declaring the country where a commodity or good was produced. It contains information on the product’s destination and country of ex ...
SEC Form N-8A
SEC Form N-8A is also referred to as the Notification of Registration Filed Pursuant to Section 8(a) of the Investment Company Act of 1940. This me ...
Credit Event
Sudden and tangible change in a borrower’s credit standing or drop in credit rating. Such event questions the borrower’s capacity to pa ...
Alternative Dispute Resolution
The count of disparate processes by insurance companies in resolving claims and disputes. ADR is used to avoid expensive and consuming litigation a ...
HNL
The abbreviation for the currency of Honduras, Honduran Lempira.
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SEE FOREX TUTORIAL
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
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 ...
Defining Inflation
Inflation is the sustained increase in the overall level of products and services in an economy over a particular time period. Expressed as percent ...
How Do You Intend to Live?
How do you want to live?
You are no longer happy with the current state of your home. So you are mulling the idea of moving out or remode ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 10:00 | KOF Economic Barometer | Jan | |
| 10:00 | CPI | Jan | |
| 11:00 | GDP | 4 quarter | |
| 12:00 | Consumer Confidence | Jan | |
| 21:00 | Loan Officer Survey | ||
| 01:30 | Unemployment Rate | Dec | |
| 01:50 | Industrial Production | Dec | |
| 01:50 | Retail Sales | Dec | |
| 02:30 | Retail Sales | Dec |
