UNSECURED CREDITOR
Unsecured Creditor is an entity that may be an individual or an institution that does not acquire any particular asset as collateral when lending money. This means that the creditor is at a high risk due to the fact that if in the event that the transaction fails, for example the borrower does not have the capacity to pay back the loan, the creditor has nothing to fall back on. An example of unsecured creditor is a debenture holder.
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Falling Knife
A slang phrase describing a security the price of which has substantially dropped in a short time.
Marital Trust
A legal arrangement between a trustor and trustee for the benefit of a surviving spouse and the married couple's heirs. Also known as an &ldquo ...
Self-Build Insurance
Self-Build Insurance is an insurance policy whose coverage is active during the construction of a new home, any added structure, renovation, or con ...
Mortgage Equity Withdrawal
Withdrawal of home equity in order to acquire cash through equity loans or credit lines, and cash-out refinances. It is a relative variable in the ...
Specialization
Specialization, in production, is focusing on a particular good or service of a business in order to maximize the efficiency and effectivity of pro ...
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Macroeconomics: Basic Concepts
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Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Sep | |
| 11:30 | Sentix Investor Confidence | Nov | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | Current Account | Sep | |
| 01:50 | Bank Lending | Oct | |
| 02:01 | BRC Retail Sales Monitor | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 05:35 | 30-Year JGB Auction | Nov |
