The deposit pays a fixed rate of interest and remains in effect for a period of 30 months.
Brokerages typically offer this service, where all cash not invested in securities is automatically transferred into a money market fund or similar instrument.
Mortgage broker A mortgage company is one that has contacts with many lenders and informs the borrower about different loan options available.First in, first out - fifo First in, first out, or fifo, is a method for determining the costs of sold inventory.This method tends to result in higher finance charges.Typically, a lease would allow the leased car to be driven about 15,000 miles per year.This may also apply to the owner of the property if he or she is in poor financial condition.In a pension shortfall situation, the company must make additional deposits into the fund.Investors look at prepayment speed when judging the value of a particular MBS investment.Say, for example, that an investor's target is to build the account value by 1,000 quarterly.
MMAs work like other checking accounts, except that they earn competitive yields, have minimum opening balances, and usually have restrictions on the number of withdrawals made within each period.
To the highest-rate account, the borrower pays as much as he can afford.
Brokered CD A brokerage, or brokered, CD is a time deposit sold to individual investors by a brokerage firm, and can be traded on the secondary market.
Trustees are appointed and managed by the United States Trustee, but are not government employees.If the debtor doesn't repay the line of credit as agreed, the lender can take the money invested in the.In the case of debt securities, investors also follow the tenets of credit analysis to determine the risk involved in purchasing the security.This will put you in line if the first offer falls through.A named perils policy provides a more specifically defined set of coverages relative to a conventional, broad coverage policy.Credit card agreements, for example, state the penalty rate (or default rate) value, along with the conditions that would cause the penalty rate to be triggered.Single agency When the agent or broker represents and owes his or her fiduciary to only one party in a real-estate transaction.Negotiable instrument A negotiable instrument is a written document that states a promise to pay the holder.All real and personal property owned by an individual at the time of death.Prepayment privilege Prepayment privilege is a debt option that allows the borrower to pay off the debt before maturity.Encroachment ikea meuble télé à roulettes A home improvement that illegally extends onto another owner's property or impedes the neighbor's use of that property, such as a poorly placed fence.Equifax One of the three credit bureaus, also Experian and TransUnion.Pure leases are usually used for short-term equipment financing.The "5" of "5/1" refers to the number of years the initial rate will apply; the "1" refers to the time interval between subsequent rate adjustments.Simple interest Interest computed only on the principal balance, without compounding.
Underwater When you owe more on the loan for a property or car than the asset is worth; you have a feeling of being underwater.
Debt retirement Debt retirement is the repayment of money owed.