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.
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CDSC
Charged imposed when selling Class-B fund shares within a indicated number of years on the date these were originally bought. Also called back-end ...
Financial Analysts Journal - FAJ
A financial publication circulated by the CFA Institute. The Financial Analysts Journal (FAJ) includes a variety of financial research reports from ...
Justified Wage
A wage level set for a job based on market dynamics and justified by the requisites according to the worker’s experience, skills, and educati ...
Group Term Life Insurance
Insurance coverage offered to a group of individuals. The coverage provides benefit to the declared beneficiaries if the covered individual passes ...
Non-Core Assets
These are assets that are not essential or simply no longer used in the business operations of a company. Companies may use them when extra cash is ...
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SEE FOREX TUTORIAL
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For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
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An Introduction to Forex Currencies
As the biggest market in the world, the foreign exchange market or forex is also one of the most participated in the world. As such, learning about ...
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