TRUTH IN SAVINGS ACT
Federal law which aims to help in promoting competition among depository institutions for consumers to easily compare interest rates, terms, and fees associated with deposit accounts. Enacted as part of the Deposit Insurance Corporation (FDIC) Improvement Act of 1991, the legislation created uniform guidelines for banks and other financial institutions in disclosing details about deposit accounts to individuals. Also called TISA.
POPULAR TERMS
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Sports Illustrated Swimsuit Issue Indicator
Sports Illustrated Swimsuit Issue Indicator is the belief that the performance of the stock market may be indicated based on the nationality of the ...
90/10 Strategy
Investing technique in which an investor allocates 90% of the investment capital in interest-bearing instruments with lower risk level, and 10% in ...
Scheduled Recast
Scheduled Recast is rechecking the computation of the remaining schedule of a mortgage set to be done at a date agreed upon and known prior. Mortga ...
Shared Equity Finance Agreements
Shared Equity Finance Agreements is when two parties share the purchase of a primary residence. In the agreement the stronger party, in the case of ...
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SEE FOREX TUTORIAL
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Buying a Home: Writing an Offer
You’re down to the last four steps to buying your dream house. Now, you need to write an offer and the seller has to accept it. Take into acc ...
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 ...
Student Loans: Private Loans
Majority of students consider federal loans as their first borrowing choice. But this loan may not be able to shoulder an entire tuition, not to me ...
Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
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