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
Pinning the Strike
The tendency of the price of a stock to close near the strike price of heavily traded option as the expiration date nears.
Ratable Accrual Method
Ratable Accrual Method is used to determine when and how much was gained in a certain period of time. This method may be used to compute the intere ...
Goldbricker
Referring to an unproductive employee who tries to avoid work and/or responsibilities. They also use working office hours to use the internet or pe ...
Tier 1 Capital
First part of two-tier risk based capital standard describing the capital sufficiency of a bank. A core capital, it entails common stock, disclosed ...
Forward Exchange Contract
An agreement between 2 parties to exchange 2 designated currencies at a certain time period in the future.
POPULAR ARTICLE
SEE FOREX TUTORIAL
Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
Student Loans: Consolidating Private Loans
Fixed interest rates.
That is one viable reason for consolidating private loans although you are not mulling over that option. Private lo ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
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 ...
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 ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | ANZ Jobs Advertisements | Dec | |
| 05:05 | Trade Balance | Dec | |
| 10:00 | SECO Consumer Confidence | Dec | |
| 23:00 | NZIER Business Confidence | 4 quarter | |
| 01:30 | Westpac Consumer Sentiment | Jan | |
| 01:50 | Bank Lending | Dec | |
| 01:50 | Current Account | Nov | |
| 07:00 | Economy Watchers Survey | Dec |
