Demand Note
Updated Feb 14, 2023By Minh Tong
A demand note is a type of financial instrument that represents a debt owed by one party to another. It is a written promise to repay a specified sum of money at a certain...
Read MoreIndividual Retirement Account (IRA)
Updated Feb 14, 2023By Minh Tong
An Individual Retirement Account (IRA) is a type of account that is specifically designed to help individuals save for retirement. IRAs offer tax advantages and allow individuals...
Read MoreGuide to the Federal Direct Student Loan Program
Updated Feb 14, 2023By Minh Tong
The Federal Direct Student Loan Program provides low-interest loans to eligible students to help pay for the cost of post-secondary education. The program is administered by the US...
Read MoreFair Market Value (FMV)
Updated Jan 30, 2023By Minh Tong
Fair market value (FMV) is the price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell...
Read MoreGrace Period
Updated Jan 30, 2023By Minh Tong
A grace period is a specified period of time after the due date of a payment during which a borrower can make the payment without incurring any additional charges or penalties...
Read MoreNew Year, New Financial Habits: Top 5 Resolutions for 2023
Updated Jan 20, 2023By Minh Tong
Achieving financial stability requires sacrifice and persistence. The beginning of a new year is always an ideal time to reflect on your financial goals and make resolutions to improve...
Read MoreWhat is a 401(k)?
Updated Jan 17, 2023By Minh Tong
A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until...
Read MoreLoan Officer
Updated Jan 05, 2023By Minh Tong
A loan officer is a financial professional who works for a bank, credit union, or other lending institution. Their primary responsibility is to evaluate loan applications and determine...
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