SIMPLE-INTEREST MORTGAGE
Simple-interest mortgage is a mortgage wherein the computation of interest takes place daily. A traditional mortgage computes interest monthly. The computation of a daily interest charge in the simple-interest mortgage is done by dividing the interest rate by 365 days and then multiplying it by the amount of the mortgage balance. With the same concept. a monthly interest charge is determined the same way. For a short cut, just multiply the daily interest charge by the number of days in the month.
POPULAR TERMS
Weak Shorts
Weak Shorts refers to a group of investors holding a short position and exits that position once the first weakness appears.
Capacity
The highest point of output of products and/or services that a given method or arrangement can possibly exhibits an outcome over a particular ...
SPDA
Single-premium deferred annuity (SPDA) is a kind of annuity contract. It is established by the owner by making a single-lump payment. The annuity p ...
Sheep
Sheep is a term used for investors that trades based on his or her emotions and does not employ sufficient trading strategies nor heed suggestions ...
SSF
Single stock future (SSF) is a futures contract. What differentiates it is that it has an underlying of one specified stock that are typically in b ...
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