THIRD-PARTY VERIFICATION - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in transactions through phone or done online to validate the interest of a potential client before passing the customer on to a salesperson. It also used in instances in which a client seeks to provide or update details but cannot do so because it is being processed over the internet or phone.
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Take-Home Pay
Pay received by an individual from working after adding bonuses and subtracting employment taxes, cost of benefits, and retirement contributions. I ...
Redemption Fee
This is the commission charged to in individual when he or she sells in investment, such as an annuity or a mutual fund. Redemption fee is intended ...
Catalyst
Something causing or initiating a significant event to happen such as news and information. Initially, it used to pertain to a reaction in chemistr ...
Optimal Currency Area
The geographic area in which a single currency would create the greatest economic benefit. While traditionally each country has maintained its own ...
Advance Canvass
A technique employed by companies to gain a “buzz” in advance of a promotional campaign or a new product launch, by paying a visit to r ...
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We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
Buying a Home: Getting Pre-Approved for a Mortgage
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Buying a Home: Choosing the Best Location
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