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Prepayment Penalty Updated Feb 14, 2023 By Aaron Sarentino
Prepayment Penalty A prepayment penalty is a fee imposed on a borrower who pays off their loan earlier than the agreed upon... Read More
Individual Retirement Account (IRA) Updated Feb 14, 2023 By Minh Tong
Individual Retirement Account (IRA) An Individual Retirement Account (IRA) is a type of account that is specifically designed to help individuals save for retirement.... Read More
Amortization: What Is It And How Does It Work? Updated Feb 14, 2023 By Aaron Sarentino
Amortization: What Is It And How Does It Work? Amortization in financial terms refers to the process of paying off a debt over a period of time through regular... Read More
Accrued Interest – How It Works For Investments And Debts Updated Feb 14, 2023 By Melissa Cook
Accrued Interest – How It Works For Investments And Debts Accrued interest refers to the interest that accumulates on a debt instrument such as a bond, loan or savings account,... Read More
Internal Revenue Service (IRS) Updated Feb 14, 2023 By Melissa Cook
Internal Revenue Service (IRS) The Internal Revenue Service (IRS) is a U.S. government agency that is responsible for the collection of taxes and enforcement... Read More
Debt Financing (What You Should Know) Updated Feb 14, 2023 By Melissa Cook
Debt Financing (What You Should Know) The borrower (i.e. the company) promises to repay the lender (e.g. a bank) with interest over a set period of... Read More
What Causes Inflation? (It’s Not What Many People Think) Updated Feb 14, 2023 By Aaron Sarentino
What Causes Inflation? (It’s Not What Many People Think) Inflation occurs when there is an increase in the money supply in relation to the economy’s ability to produce goods... Read More
The Federal Direct Student Loan Program: A Fast And Easy Guide Updated Feb 14, 2023 By Minh Tong
The Federal Direct Student Loan Program: A Fast And Easy Guide The Federal Direct Student Loan Program provides low-interest loans to eligible students to help pay for the cost of post-secondary... Read More
The Fair Debt Collection Practices Act (FDCPA): What You Should Know Updated Jan 30, 2023 By Aaron Sarentino
The Fair Debt Collection Practices Act (FDCPA): What You Should Know The Fair Debt Collection Practices Act (FDCPA) is a federal law that regulates the behavior of debt collectors and provides... Read More
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