melissacook

Melissa Cook

Melissa has a degree in English and marketing from University of California Irvine. She is a creative and accomplished content writer and editor with comprehensive experience developing rich, compelling content for a variety of websites. With her expertise in writing a broad range of content, combined with outstanding interpersonal skills and commitment to exploring innovative ideas, Melissa has done an excellent job developing content for blogs, articles, social media, and the company website. When she is not writing, Melissa spends most of her time cooking, traveling the world, and catching her favorite Broadway shows.


Benefits and Drawbacks to Home Equity Loans: Is it Right for You?

Updated Mar 14, 2023
By Melissa Cook
Benefits and Drawbacks to Home Equity Loans: Is it Right for You?

A home equity loan is a type of loan that allows homeowners to borrow against the equity they have built up in their homes. The loan is secured by the home, which means that...

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Charge-Off

Updated Mar 14, 2023
By Melissa Cook
Charge-Off

A Charge-Off is a financial term used to describe a situation where a creditor writes off an outstanding debt as uncollectible. In simpler terms, it means that the creditor has given up on...

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Capital Gains

Updated Mar 10, 2023
By Melissa Cook
Capital Gains

Capital gain refers to the profit that an individual or entity realizes when they sell an asset for a price that is higher than the price they initially paid for it. In other words, it...

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Cash Flow

Updated Mar 10, 2023
By Melissa Cook
Cash Flow

Cash flow is the movement of money in and out of a business or individual's accounts over a given period. It measures the amount of money that flows into and out of a business, indicating...

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Principal

Updated Mar 10, 2023
By Melissa Cook
Principal

In financial terms, the principal refers to the initial amount of money that is borrowed or invested, upon which interest is calculated or earned.  It is the original amount of money involved in a...

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What Is Amortization?

Updated Mar 10, 2023
By Melissa Cook
What Is Amortization?

Amortization refers to the process of spreading out the cost of an asset over its useful life. In financial terms, it is the gradual reduction of a loan or debt through regular payments of...

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What is the Consumer Price Index? (CPI)

Updated Mar 03, 2023
By Melissa Cook
What is the Consumer Price Index? (CPI)

The Consumer Price Index (CPI) is a measure of the average change in prices over time that consumers pay for a basket of goods and services. It is used by governments, central banks...

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Recession

Updated Mar 03, 2023
By Melissa Cook
Recession

A recession is a period of economic decline measured by a decrease in the Gross Domestic Product (GDP) for two or more consecutive quarters. During a recession, businesses...

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Inflation

Updated Mar 03, 2023
By Melissa Cook
Inflation

Inflation is a sustained rise in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of...

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