This document provides definitions for over 100 commonly used personal finance terms organized alphabetically from A-Z. Some of the key terms defined include 401(k), adjustable rate mortgage, annual percentage rate (APR), assets, bankruptcy, bonds, credit, debt, interest, liabilities, mortgage, stocks and will. The definitions cover concepts related to savings, investments, loans, insurance and retirement planning.
Life insurance provides essential financial protection for loved ones in the event of death. There are different types of life insurance, like term and permanent policies, that offer varying levels of protection and benefits. Determining the appropriate amount of coverage requires a comprehensive needs analysis that considers income needs, cash needs, existing assets and other factors. Permanent life insurance is suitable for long-term needs while term is for temporary protection. Working with a financial professional can help identify the best strategies and products for an individual's specific situation.
This document defines various terms related to debt and finance, including:
- Annual fee - A yearly fee charged by some credit cards, typically between $15-300.
- Grace period - The period of time after a purchase where no interest is charged if the balance is paid in full. Standard grace periods are 20-30 days.
- Minimum payment - The lowest monthly payment amount required to avoid late fees, usually around 2% of the outstanding balance.
- Annual percentage rate (APR) - The interest rate charged per year, including fees, used to compare loan costs.
- Secured card - A credit card backed by a savings deposit as collateral to ensure payment if default occurs
This document discusses various financial assets available for investors, including savings accounts, certificates of deposit, bonds, stocks, and mutual funds. It explains how the financial system works to transfer savings from individuals to businesses and governments that need funds to invest and grow. Key aspects of the financial system include financial intermediaries like banks that channel savings to borrowers, and well-developed primary and secondary markets for financial assets.
This document provides an overview of annuities, including:
- Annuities are contracts with insurance companies that provide benefits in exchange for premium payments. They are not life insurance.
- There are several types of annuities such as fixed, fixed indexed, and variable annuities.
- Annuities offer benefits like safety, flexibility, earnings potential, and protection. Features include tax deferral, minimum guarantees, beneficiary designation, annuitization, control, death benefits, and withdrawal provisions.
This document discusses how life insurance can help achieve retirement goals by providing tax advantages. It notes that life insurance builds cash value on a tax-deferred basis that can supplement retirement through tax-favored loans and withdrawals. The document provides an example of a couple using policy withdrawals in retirement to lower their taxes while funding special expenses. It highlights the benefits of leveraging a life insurance policy for retirement through its death benefit, tax-deferred growth, and potential access to cash values.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
A Power Point presentation on how Fleur De Lis Financial/Mass Mutual can help you save for retirement in a conservative way, if you looking for safe investments, secure retirements, take a look at this presentation.
The document discusses annuities and provides information about whether an annuity is right for retirement planning. It asks questions to consider like whether you are concerned about outliving your income or maintaining your lifestyle in retirement. It also discusses accumulating funds in deferred annuities to help minimize gaps in retirement income. Annuities offer guaranteed lifetime income options to complement other retirement income sources. The document summarizes types of annuities and their tax benefits, as well as features like income options and death benefits that make annuities a valuable part of a diversified retirement portfolio.
Life insurance provides essential financial protection for loved ones in the event of death. There are different types of life insurance, like term and permanent policies, that offer varying levels of protection and benefits. Determining the appropriate amount of coverage requires a comprehensive needs analysis that considers income needs, cash needs, existing assets and other factors. Permanent life insurance is suitable for long-term needs while term is for temporary protection. Working with a financial professional can help identify the best strategies and products for an individual's specific situation.
This document defines various terms related to debt and finance, including:
- Annual fee - A yearly fee charged by some credit cards, typically between $15-300.
- Grace period - The period of time after a purchase where no interest is charged if the balance is paid in full. Standard grace periods are 20-30 days.
- Minimum payment - The lowest monthly payment amount required to avoid late fees, usually around 2% of the outstanding balance.
- Annual percentage rate (APR) - The interest rate charged per year, including fees, used to compare loan costs.
- Secured card - A credit card backed by a savings deposit as collateral to ensure payment if default occurs
This document discusses various financial assets available for investors, including savings accounts, certificates of deposit, bonds, stocks, and mutual funds. It explains how the financial system works to transfer savings from individuals to businesses and governments that need funds to invest and grow. Key aspects of the financial system include financial intermediaries like banks that channel savings to borrowers, and well-developed primary and secondary markets for financial assets.
This document provides an overview of annuities, including:
- Annuities are contracts with insurance companies that provide benefits in exchange for premium payments. They are not life insurance.
- There are several types of annuities such as fixed, fixed indexed, and variable annuities.
- Annuities offer benefits like safety, flexibility, earnings potential, and protection. Features include tax deferral, minimum guarantees, beneficiary designation, annuitization, control, death benefits, and withdrawal provisions.
This document discusses how life insurance can help achieve retirement goals by providing tax advantages. It notes that life insurance builds cash value on a tax-deferred basis that can supplement retirement through tax-favored loans and withdrawals. The document provides an example of a couple using policy withdrawals in retirement to lower their taxes while funding special expenses. It highlights the benefits of leveraging a life insurance policy for retirement through its death benefit, tax-deferred growth, and potential access to cash values.
Annuities explained is a presentation which will explain everything you need to know about the major types of annuities, what are the best annuities and how to select the most appropriate annuity in your particular situation.
A Power Point presentation on how Fleur De Lis Financial/Mass Mutual can help you save for retirement in a conservative way, if you looking for safe investments, secure retirements, take a look at this presentation.
The document discusses annuities and provides information about whether an annuity is right for retirement planning. It asks questions to consider like whether you are concerned about outliving your income or maintaining your lifestyle in retirement. It also discusses accumulating funds in deferred annuities to help minimize gaps in retirement income. Annuities offer guaranteed lifetime income options to complement other retirement income sources. The document summarizes types of annuities and their tax benefits, as well as features like income options and death benefits that make annuities a valuable part of a diversified retirement portfolio.
The document discusses how a life insurance retirement plan can help clients diversify their tax liabilities in retirement. It notes that 2/3 of investors doubt they will have enough money saved for retirement and many may rely on non-retirement accounts. It then presents a case study of a business owner client who is a good saver but may face challenges with financial vulnerability, outliving savings, and rising taxes. The document argues that using life insurance can provide tax-free death benefits and help mitigate losses from potential future tax rate increases on other retirement assets like 401ks, stocks, and mutual funds.
White Paper_SBA Guarantees and DivorceAlex Zarcone
This document discusses how divorce proceedings often fail to properly address SBA loan guarantees, leaving clients still liable for the debt even if the ex-spouse was assigned responsibility in the settlement. It notes attorneys cannot rely on marital settlements to protect clients, who must be formally released by the SBA from their guarantee before or during the divorce to avoid future liability if the loan defaults. The document then provides an in-depth overview of SBA loans, personal guarantees, government collection processes, and steps needed to obtain formal release from the guarantee.
A bond is a long-term debt instrument issued by companies and governments. When an investor purchases a bond, they are loaning money to the bond issuer. The issuer pays regular interest payments to the investor and repays the principal at maturity. Bonds have characteristics like face value, coupon rate, maturity date, and issue price. A trustee acts on behalf of bondholders, and an indenture agreement sets out the terms and conditions of the bonds. There are different types of bonds like secured bonds, unsecured bonds, debentures, subordinate debentures, income bonds, junk bonds, and mortgage bonds.
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
The document provides information about Chicago's plans to use funding from the Neighborhood Stabilization Program (NSP) to address the foreclosure crisis. For NSP-1, Chicago targeted 25 community areas and planned to acquire and redevelop 585 vacant, foreclosed homes. For competitive NSP-2 funding, Chicago proposed investing $98 million in 12 targeted community areas to stabilize neighborhoods. The plans focused on acquiring and redeveloping REO properties, demolishing blighted homes, and ensuring affordability for rehabilitated homes.
This chapter discusses bonds and the bond market. It covers various types of bonds including Treasury bonds, municipal bonds, and corporate bonds. It also examines how bond yields are calculated, how to value coupon bonds, and that bonds are a popular long-term investment alternative to stocks, with the bond market issuing over 5 times as much new debt as new equity annually. The purpose of capital markets is to provide long-term financing, with governments and corporations issuing securities that are purchased by investors.
The document summarizes the Main Street Lending Program (MSLP) established by the Federal Reserve to provide support to small and medium-sized businesses during the COVID-19 pandemic. It describes the three types of loans offered through the program - the New Loan Facility, Priority Loan Facility, and Expanded Loan Facility. It provides details on loan sizes, terms, fees, and the role of the Federal Reserve and eligible lenders. It also outlines restrictions on borrower compensation, stock repurchases, dividends, debt repayment, and use of funds to qualify for the program.
The document provides definitions for various financial and credit terms used in personal and corporate finance. It includes over 50 terms commonly used when taking out loans, managing credit, and understanding financial statements and credit reports. Some of the key terms defined are interest, principal, credit score, collateral, default, bankruptcy, assets, liabilities, income statement, balance sheet, loan documents, repayment schedules, credit limits, insurance, and interest rates.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
The document provides information about pension plans in India. It discusses that PFRDA regulates the pension sector in India and was established in 2003. It then explains what pension plans are, how they provide individuals with a regular income in retirement. It also discusses the history of pension plans shifting from employer-provided to individual plans. Finally, it outlines the key factors to consider to calculate a retirement corpus and describes different types of pension plans and annuity options available.
Loans and discount function (Book: Money, Credit and Banking by Cristobal M P...theMAUIreturns
Banks provide various types of loans to customers. Short-term loans are usually provided against a customer's general credit standing or with collateral and are often for working capital needs. Medium and long-term loans typically require collateral. The Federal Reserve aims to stimulate the economy through lowering interest rates, buying mortgage and other assets, and committing to maintain low rates for a prolonged period. Quantitative easing can still impact the economy when rates are near zero through portfolio substitutions, altered policy expectations, and expansionary fiscal policy.
This document provides an overview of life insurance, including how much coverage is needed, the different types of policies, taxation of life insurance benefits, and additional benefits that may be available. It discusses term life insurance, whole life insurance, universal life insurance, and cash value life insurance. The summary highlights the key factors to consider when determining how much coverage and what type of policy best fits an individual's needs and objectives.
In this presentation I discuss the best types of insurance for business owners. Our firm provides all of these services and more. Audio will soon be added.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
This document provides information about a group presentation on loans and project appraisal given by six students to their professor. It defines what a loan is, discusses different types of loans including term loans, secured and unsecured loans, and home loans. It also outlines the features of term loans, types of restrictive covenants lenders place on borrowers, and how collateral like liens or mortgages can be used to secure loans.
The document outlines the steps to issuing a municipal bond to finance urban infrastructure projects. It begins with an overview stating the objective is to introduce the municipal bond issuance process. It then lists and provides brief descriptions of the 9 main steps: 1) Fiscal strengthening and capital investment planning, 2) Credit rating, 3) Project development, 4) Financial structuring, 5) Authorization and approval, 6) Preparation of prospectus, 7) Marketing to investors, 8) Preparation of documents, and 9) Completion of the transaction. The document concludes by recapping the process in a schematic and noting how PPIAF-SNTA can assist cities with bond issuance.
HUSC 3366 Chapter 10 Financial Planning with Life InsuranceRita Conley
This chapter discusses financial planning with life insurance and annuities. It defines life insurance and methods for determining insurance needs. It distinguishes between types of life insurance companies and policies, and how to select policy provisions and buy insurance. It also recognizes how annuities can provide financial security in retirement.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
The document provides an overview and definitions of bonds, interest rates, and equities. It defines a bond as a type of security used to raise capital with characteristics including a principal amount to be repaid at maturity, coupon payments, and an issuer and holder. Bonds are issued by governments, corporations, and other entities and held by pension funds and other investors. Interest rates and stock markets are also discussed at a high level.
The document summarizes key concepts related to consumer credit, including definitions of common credit terms, types of credit accounts and loans, how interest is calculated, credit reporting agencies and credit scores, laws protecting consumers, and tips for establishing good credit. It provides information on creditors, debtors, the annual percentage rate, grace periods, credit limits, principal and interest, open-ended and closed-end credit, revolving accounts, and methods for calculating interest charges. It also outlines federal laws governing credit reporting, equal access to credit, billing practices, debt collection, and electronic fund transfers.
This document defines various terms related to personal finance. It provides definitions for terms like accountant, annual fee, annual percentage rate, asset, automated teller machine, automatic bill paying, balanced budget, bank, bank register, bankruptcy, bond, blue chip stock, broker, budget, capital gain, cash value, certificate of deposit and more. The definitions cover topics in accounting, banking, credit, investing, taxes, and other areas of personal finance.
The document discusses how a life insurance retirement plan can help clients diversify their tax liabilities in retirement. It notes that 2/3 of investors doubt they will have enough money saved for retirement and many may rely on non-retirement accounts. It then presents a case study of a business owner client who is a good saver but may face challenges with financial vulnerability, outliving savings, and rising taxes. The document argues that using life insurance can provide tax-free death benefits and help mitigate losses from potential future tax rate increases on other retirement assets like 401ks, stocks, and mutual funds.
White Paper_SBA Guarantees and DivorceAlex Zarcone
This document discusses how divorce proceedings often fail to properly address SBA loan guarantees, leaving clients still liable for the debt even if the ex-spouse was assigned responsibility in the settlement. It notes attorneys cannot rely on marital settlements to protect clients, who must be formally released by the SBA from their guarantee before or during the divorce to avoid future liability if the loan defaults. The document then provides an in-depth overview of SBA loans, personal guarantees, government collection processes, and steps needed to obtain formal release from the guarantee.
A bond is a long-term debt instrument issued by companies and governments. When an investor purchases a bond, they are loaning money to the bond issuer. The issuer pays regular interest payments to the investor and repays the principal at maturity. Bonds have characteristics like face value, coupon rate, maturity date, and issue price. A trustee acts on behalf of bondholders, and an indenture agreement sets out the terms and conditions of the bonds. There are different types of bonds like secured bonds, unsecured bonds, debentures, subordinate debentures, income bonds, junk bonds, and mortgage bonds.
Annuity Basics is part of our continuing series of presentations for Financial Services Industry Training. We develop custom training specific to the financial services industry. Contact us for a quote or discussion of your needs.
The document provides information about Chicago's plans to use funding from the Neighborhood Stabilization Program (NSP) to address the foreclosure crisis. For NSP-1, Chicago targeted 25 community areas and planned to acquire and redevelop 585 vacant, foreclosed homes. For competitive NSP-2 funding, Chicago proposed investing $98 million in 12 targeted community areas to stabilize neighborhoods. The plans focused on acquiring and redeveloping REO properties, demolishing blighted homes, and ensuring affordability for rehabilitated homes.
This chapter discusses bonds and the bond market. It covers various types of bonds including Treasury bonds, municipal bonds, and corporate bonds. It also examines how bond yields are calculated, how to value coupon bonds, and that bonds are a popular long-term investment alternative to stocks, with the bond market issuing over 5 times as much new debt as new equity annually. The purpose of capital markets is to provide long-term financing, with governments and corporations issuing securities that are purchased by investors.
The document summarizes the Main Street Lending Program (MSLP) established by the Federal Reserve to provide support to small and medium-sized businesses during the COVID-19 pandemic. It describes the three types of loans offered through the program - the New Loan Facility, Priority Loan Facility, and Expanded Loan Facility. It provides details on loan sizes, terms, fees, and the role of the Federal Reserve and eligible lenders. It also outlines restrictions on borrower compensation, stock repurchases, dividends, debt repayment, and use of funds to qualify for the program.
The document provides definitions for various financial and credit terms used in personal and corporate finance. It includes over 50 terms commonly used when taking out loans, managing credit, and understanding financial statements and credit reports. Some of the key terms defined are interest, principal, credit score, collateral, default, bankruptcy, assets, liabilities, income statement, balance sheet, loan documents, repayment schedules, credit limits, insurance, and interest rates.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
The document provides information about pension plans in India. It discusses that PFRDA regulates the pension sector in India and was established in 2003. It then explains what pension plans are, how they provide individuals with a regular income in retirement. It also discusses the history of pension plans shifting from employer-provided to individual plans. Finally, it outlines the key factors to consider to calculate a retirement corpus and describes different types of pension plans and annuity options available.
Loans and discount function (Book: Money, Credit and Banking by Cristobal M P...theMAUIreturns
Banks provide various types of loans to customers. Short-term loans are usually provided against a customer's general credit standing or with collateral and are often for working capital needs. Medium and long-term loans typically require collateral. The Federal Reserve aims to stimulate the economy through lowering interest rates, buying mortgage and other assets, and committing to maintain low rates for a prolonged period. Quantitative easing can still impact the economy when rates are near zero through portfolio substitutions, altered policy expectations, and expansionary fiscal policy.
This document provides an overview of life insurance, including how much coverage is needed, the different types of policies, taxation of life insurance benefits, and additional benefits that may be available. It discusses term life insurance, whole life insurance, universal life insurance, and cash value life insurance. The summary highlights the key factors to consider when determining how much coverage and what type of policy best fits an individual's needs and objectives.
In this presentation I discuss the best types of insurance for business owners. Our firm provides all of these services and more. Audio will soon be added.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
This document provides information about a group presentation on loans and project appraisal given by six students to their professor. It defines what a loan is, discusses different types of loans including term loans, secured and unsecured loans, and home loans. It also outlines the features of term loans, types of restrictive covenants lenders place on borrowers, and how collateral like liens or mortgages can be used to secure loans.
The document outlines the steps to issuing a municipal bond to finance urban infrastructure projects. It begins with an overview stating the objective is to introduce the municipal bond issuance process. It then lists and provides brief descriptions of the 9 main steps: 1) Fiscal strengthening and capital investment planning, 2) Credit rating, 3) Project development, 4) Financial structuring, 5) Authorization and approval, 6) Preparation of prospectus, 7) Marketing to investors, 8) Preparation of documents, and 9) Completion of the transaction. The document concludes by recapping the process in a schematic and noting how PPIAF-SNTA can assist cities with bond issuance.
HUSC 3366 Chapter 10 Financial Planning with Life InsuranceRita Conley
This chapter discusses financial planning with life insurance and annuities. It defines life insurance and methods for determining insurance needs. It distinguishes between types of life insurance companies and policies, and how to select policy provisions and buy insurance. It also recognizes how annuities can provide financial security in retirement.
What is an annuity?
An annuity is an insurance-based contract between you, the owner, and the contract issuer.
This is basically how annuities work: You pay after-tax dollars to the issuer, the issuer invests the money for you, and any earnings accumulate tax deferred. At some point, the issuer pays out the principal and earnings to you or to your beneficiaries. Earnings are taxed as ordinary income when they’re distributed.
The document provides an overview and definitions of bonds, interest rates, and equities. It defines a bond as a type of security used to raise capital with characteristics including a principal amount to be repaid at maturity, coupon payments, and an issuer and holder. Bonds are issued by governments, corporations, and other entities and held by pension funds and other investors. Interest rates and stock markets are also discussed at a high level.
The document summarizes key concepts related to consumer credit, including definitions of common credit terms, types of credit accounts and loans, how interest is calculated, credit reporting agencies and credit scores, laws protecting consumers, and tips for establishing good credit. It provides information on creditors, debtors, the annual percentage rate, grace periods, credit limits, principal and interest, open-ended and closed-end credit, revolving accounts, and methods for calculating interest charges. It also outlines federal laws governing credit reporting, equal access to credit, billing practices, debt collection, and electronic fund transfers.
This document defines various terms related to personal finance. It provides definitions for terms like accountant, annual fee, annual percentage rate, asset, automated teller machine, automatic bill paying, balanced budget, bank, bank register, bankruptcy, bond, blue chip stock, broker, budget, capital gain, cash value, certificate of deposit and more. The definitions cover topics in accounting, banking, credit, investing, taxes, and other areas of personal finance.
The document discusses secondary markets for structured cash flows, such as pensions, which allow individuals to sell future income streams for a lump sum payment. It provides details on Future Income Payments, LLC, a company that facilitates these transactions, including their process for underwriting sellers, mitigating risks through reserve accounts, and replacing cash flows if needed. Examples of purchase prices, terms, and monthly payments are given to illustrate potential returns from structured cash flows compared to other fixed income options like annuities.
This document summarizes key concepts related to financial credit and risk analytics from a course on the subject. It defines credit as a promise of future payment for resources provided now. It describes the main types of credit as loans, trade credit, consumer credit, bank credit, revolving credit, open credit, installment credit, mutual credit, and service credit. It defines credit risk as the risk of a borrower defaulting and discusses how creditworthiness is measured using factors like character, capacity, capital, collateral and conditions. It also describes the credit market where large companies issue bonds that individual and institutional investors can purchase, and how credit rating agencies assess and rate the creditworthiness of issuers. The document concludes by identifying default risk
This document discusses sources of current liabilities for businesses, including accounts payable and accruals which arise from normal business operations. It also discusses strategies for managing accounts payable, such as taking advantage of cash discounts and stretching payment terms. The document outlines various sources of short-term financing including bank loans, lines of credit, commercial paper, and secured loans using accounts receivable or inventory as collateral.
Financial assets like stocks, bonds, and savings products allow people to save money and earn returns on their savings. These assets are traded in financial markets that connect savers to borrowers. There are several types of financial markets including money markets for loans under 1 year, capital markets for longer term loans, and primary markets where assets are first issued versus secondary markets where existing assets can be resold. Financial intermediaries like banks and brokerages facilitate the flow of funds between savers, borrowers, and financial markets.
This document provides an introduction and overview of the "A to Z of financial terms" guide published by Plain English Campaign. It explains that the guide aims to help ordinary people understand common financial, tax, and legal terms and documents using clear language. It also notes that the guide encourages those who write such documents to use plain language that is understandable to the intended audience. The document praises Plain English Campaign for their work over the years to improve communication between organizations and the public.
This document defines and describes different types of loans. It begins by explaining that a loan is a debt with terms like principal amount, interest rate, and repayment date specified in a note. There are two main types of loans - secured loans, where an asset is pledged as collateral, and unsecured loans without collateral. Specific loan types are then outlined, including mortgages, auto loans, credit cards, personal loans, demand loans, subsidized loans, and concessional loans. The document also discusses target markets, loan payments, potential abuses, and asset-based lending.
"Welcome to your path to homeownership with our mortgage loan solutions. Owning a home is a dream for many, and we're here to make it a reality for you. Our mortgage loans offer a secure and affordable way to purchase your dream property or refinance your existing home. With competitive interest rates, flexible repayment options, and personalized guidance, we're committed to helping you find the perfect loan to fit your unique needs. Our experienced team of experts will walk you through the entire process, from application to closing, making your journey to homeownership as smooth as possible. Take the first step towards building equity and creating a place to call your own with our trusted mortgage loan services."
"Welcome to your path to homeownership with our mortgage loan solutions. Owning a home is a dream for many, and we're here to make it a reality for you. Our mortgage loans offer a secure and affordable way to purchase your dream property or refinance your existing home. With competitive interest rates, flexible repayment options, and personalized guidance, we're committed to helping you find the perfect loan to fit your unique needs. Our experienced team of experts will walk you through the entire process, from application to closing, making your journey to homeownership as smooth as possible. Take the first step towards building equity and creating a place to call your own with our trusted mortgage loan services."
This document provides information about different types of loans, including secured and unsecured loans, demand loans, subsidized loans, personal loans, credit cards, home equity loans, home equity lines of credit, cash advances, and small business loans. It discusses the key aspects of each type of loan such as interest rates, terms, eligibility requirements, advantages, and disadvantages. The document also contains sections on bank deposits, including time/term deposits and sight deposits. It defines each type of deposit and discusses how interest is paid on deposits and how long funds must be kept in each type.
The document provides an overview of education loans, including their purpose, tax benefits, and tips for planning an education loan. It begins by stating that the purpose of education loans is to provide financial assistance to deserving students to pursue higher education. It describes that interest paid on education loans is tax deductible under Section 80E of the Indian Income Tax Act without any limit. Some tips for planning an education loan include assessing one's career interests and skills, researching occupations and educational programs, and planning for education costs. The document aims to help students and parents understand education loans and make informed decisions about financing higher education.
This document discusses unfair credit contracts and advocating for consumers. It provides examples of unfair mortgage refinancing and fringe lending practices. For mortgage refinancing, it describes how brokers often provide consumers with more credit than requested, resulting in equity skimming. It also discusses obligations to assess repayment capacity. For fringe lending, it notes short term high interest loans targeted at disadvantaged groups. The document concludes by outlining Consumer Action's campaign for responsible lending regulations and capacity to negotiate relief for consumers.
This document discusses sources of financing for non-government organizations. It outlines both short-term and long-term financing options including personal investment, friends and family, venture capital, business incubators, loans, bonds, and issuing stocks. Short-term options include accounts payable, lines of credit, commercial paper, and letters of credit. Long-term options include loans, secured and unsecured bonds, convertible bonds, and preferred and common stocks. Proper financing is important as it can increase firm value, utilize funds effectively, maximize returns, minimize costs, provide liquidity and flexibility, and maintain shareholder control.
The document discusses various types of financial products and lending practices including credit cards, bank overdrafts, personal loans, home equity lending, auto-title lending, informal lending, and peer-to-peer lending. It provides details on what each type of lending involves, how interest is calculated for credit cards and overdrafts, and examples of secured versus unsecured personal loans. The document is intended to present information on these common financial topics.
This document provides information about term loans. It defines term loans as monetary loans that are repaid in regular installments over a set period of time. It discusses the purposes of term loans including capital expenditure, new industrial undertakings, and acquisition of assets. It also outlines the procedures for term loans including application submission and processing, project appraisal, sanction letter, loan agreement execution, and disbursement. Different types of term loans like short, intermediate, and long term are described. Key features of term loans like interest payment schedules, security requirements, and covenants are summarized. Finally, an example repayment schedule for a term loan is shown.
Debt settlement companies promise to reduce consumer debt by negotiating with creditors for a fee. However, this comes with significant risks, as consumers must default on debts and see if the company can successfully negotiate reductions. The document discusses the debt settlement process, fees charged, and risks involved, such as damaged credit, collection actions, and lawsuits. It notes studies finding low program completion rates and that most consumers do not get a majority of debts settled. Despite recent reforms banning upfront fees, clients still face many risks from defaulting on debts in debt settlement programs.
1) Debt is money borrowed that must be repaid, usually with interest. Short term debt is due within 1 year and includes overdrafts, accounts receivable financing, and customer advances. Long term debt matures in over 1 year and includes bank loans, retained profits, bonds, and mortgages.
2) Sources of short term debt include trade credit, accounts receivable financing, commercial banks, and credit factoring. Sources of long term debt include bank loans, retained profits, equity/debentures, asset sales, and private equity.
3) Merits of debt are control, tax deductibility, predictability, and scope for expansion. Demerits are qualification requirements, fixed payments
Reimagining Your Library Space: How to Increase the Vibes in Your Library No ...Diana Rendina
Librarians are leading the way in creating future-ready citizens – now we need to update our spaces to match. In this session, attendees will get inspiration for transforming their library spaces. You’ll learn how to survey students and patrons, create a focus group, and use design thinking to brainstorm ideas for your space. We’ll discuss budget friendly ways to change your space as well as how to find funding. No matter where you’re at, you’ll find ideas for reimagining your space in this session.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
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His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Money Terms We All Need to Know
1. Glossary of Personal Finance Terms
**A list of commonly used personal finance terms and their definitions.**
401(k) – A plan offered by corporations to its employees to set aside tax deferred
money for retirement.
403(b) – A plan offered by non–profits and universities to its employees to set aside tax
deferred money for retirement.
457 Plans – A plan slightly different from 401(k) in that it is offered to state and
governmental employees, but there are never employer matches made.
A through M
A
Adjustable Rate – A loan in which the interest rate can change during the term of the
loan. (opposite of fixed rate and also called variable rate.)
Annual Percentage Rate – The yearly cost of the amount financed, including interest
and any fees, expressed as a percentage rate (also called APR.)
Annuities – An insurance industry investment product. These contracts between an
individual and an insurance contract are set–up so that you deposit a sum of money
with the insurance company and they in turn make monthly payments to you.
Application – The process of a borrower asking for the extension of credit from a
creditor.
2. APR – The yearly cost of a credit, including interest, mortgage insurance, and the
origination fee (points), expressed as a percentage (also called Annual Percentage
Rate.)
Assets – Any item of economic value owned by an individual.
Auto Insurance – An insurance policy to insure the value of your automobile. Many
states require a minimum insurance coverage to register your vehicle.
Ad Hoc – For the specific purpose, case, or situation at hand and for no other
B
Bank – publicly traded corporation, banks are chartered by the state or federal
government and offer checking/savings accounts as well as make loans.
Bankruptcy – (1)The condition of being financially insolvent (2)The administration of an
insolvent debtor’s property by the court for the benefit of the debtor’s creditors
Chapter 7 – A liquidation proceeding, available to individuals, married couples,
partnerships and corporations.
Chapter 13 – A repayment plan for individuals with debts falling below statutory levels
which provides for repayment of some or all of the debts out of future income over 3 to 5
years.
Bonds – A certificate of debt issued by either a corporation or a government.
Borrower – A individual who signs a promissory note and assumes liability to repay
under the terms of that note. (also called a debtor)
Buy-Here, Pay-Here – auto dealer financing for high risk applicants
3. C
Certificate of Deposit (CD) – A deposit account that pays higher interest rate than a
savings account.
Charged Off – When a loan becomes uncollectible and is written off, 120 days
delinquent for closed–end and 180 days delinquent for open–end loans.
Collateral – Assets pledged by a borrower to secure a loan or other credit, and subject
to seizure in the event of default. (also called security.)
Commercial Credit – A bank loan to a business.
Consumer Credit – A loan from a bank, credit union or finance company to a person.
Cosigner – An individual other than the borrower who signs a promissory note and
thereby assumes equal liability for it.
Credit – A contractual agreement in which a borrower receives something of value now
and agrees to repay the lender at some later date.
Credit Bureau – Agency which collects and sells information about the creditworthiness
of individuals. (also called credit reporting agency)
Credit Counseling Agency – An agency that offers education, counseling and budget
analysis to consumers
Credit Repair Organizations Act – A federal law which regulates credit repair
businesses.
Credit Report – A report which will contains information about a person’s credit history.
4. Credit Reporting Agency – Agency which collects and sells information about the
creditworthiness of individuals. (also called credit bureau)
Credit Score – A measure of credit risk calculated from a credit report using a
standardized formula.
Credit Scoring – A statistical technique used to determine whether to extend credit to a
borrower.
Credit Union – Non–profit financial institutions that offer their members check/savings
accounts as well as loans.
Creditor – A person or organization which extends credit to others. (also called lender)
D
Debt – A liability or obligation in the form of a loan, owed by one person to another
person and required to be paid by a specified date.
Debt Consolidation – A loan, usually secured with the equity in a home, used to pay off
other, higher interest debts resulting in one monthly payment.
Debt Management Program (DMP) – A program where an agency works with a debtor
and the debtor’s creditors to come up with a repayment plan. The agency receives
payment from the debtor and then distributes the money to the creditors. Creditors will
occasionally make concessions, such as a reduced interest rate, waiving of fees or re–
aging accounts.
Debt Negotiation – An agency negotiates with creditors on a debtor’s behalf to reduce
the amount of money owed. The agency usually retains a monthly fee, percentage of
the money saved or both. The money saved in such a program can be considered
taxable income by the IRS. (also called Debt Settlement)
5. Debt Settlement – An agency negotiates with creditors on a debtor’s behalf to reduce
the amount of money owed. The agency usually retains a monthly fee, percentage of
the money saved or both. The money saved in such a program can be considered
taxable income by the IRS. (also called Debt Negotiation)
Debtor – An individual who signs a promissory note and assumes liability to repay under
the terms of that note. (also called a borrower)
Delinquent – Failure to make a contractual payment on time.
Disability Insurance – An insurance that will supplement your income should you
become unable to work.
E
Equal Credit Opportunity Act – A federal law prohibiting lenders from discriminating on
the basis of the borrower’s race, color, national origin, religion, age, sex, marital status,
or public assistance program participation.
F
Fair and Accurate Credit Transactions Act – A federal law which in part will reduce
identity theft and assist victims in recovering from fraud.
Fair Credit Reporting Act – A federal law designed to promote accuracy and ensure the
privacy of the information used in a credit report.
Federal Trade Commission – Also known as the FTC, this government agencies has
oversight for the FCRA, ECOA, FACT Act as well as other credit related regulations.
FICO – Fair Isaac Corporation; the inventor of credit scoring models.
Finance Company – A company which makes loans to individuals.
6. Fixed Rate – A loan in which the interest rate does not change during the entire term of
the loan. (opposite of adjustable rate.)
G
Government Bond – A bond issued by the US Treasury.
H
Health Insurance – An insurance policy to cover against health claims. There are
various types such as HMO, PPO & HSA.
Health Savings Accounts (HSA) – A savings account with tax benefits that can be used
for paying medical expenses.
Homeowners Insurance – An insurance to cover the value of real estate. Most
mortgage companies require that you insure the value of the home to cover against loss
while there is a mortgage in place.
I
Installment Loans – A loan that is repaid with a fixed number of periodic equal–sized
payments.
Interest Rate – The fee charged by a lender to borrower money, expressed as an
annual percentage of the principal.
Individual Retirement Accounts (IRA) – An account that allows you to personally save
for retirement.
J
7. Junk Bond – A bond that carries a higher than average risk of default and has been
given a poor rating by a bond rating company.
K
Keogh – Retirement accounts for self-employed individuals.
L
Lender – A person or organization which extends credit to others. (also called creditor)
Liabilities – The monetary obligations that you owe to others.
Life Insurance – An insurance policy to cover against loss of life. There are various
types of polices such as term and permanent insurance.
M
Money Market Account – A type of savings account that pays higher interest rates but
requires a minimum balance and restricts the number of withdrawals.
Mortgage – security agreement where house is pledged for a loan.
Mutual Funds – A fund where people pool together there monies to invest
together. Typically professionally managed and management fees are charged.Top
N through Z
N
NASDAQ – Largest OTC exchange.
Net Worth – The resulting value between your assets and liabilities.
8. NYSE – New York Stock Exchange is the largest equity exchange in the world.
O
Over the Counter (OTC) – The NASDAQ stock exchange is an example of an OTC
exchange. Most stocks in the US are traded on the OTC.
P
Pawnshop – Lends money and holds some of the borrower’s personal goods as
collateral
Payday Loan – Short term loans with high interest rates.
Pension Plan – A retirement plan set by a employer for its employees.
Personal Liability Umbrella Insurance – An insurance policy to cover in excess of
homeowner or auto insurance policies. Typically used to raise coverage to higher limits.
Promissory Note – A document signed by a borrower promising to repay a loan under
agreed–upon terms.
Pro Bono – Done without compensation for the public good.
Q
Qualified Retirement Plan – Employer sponsored, tax–deferred retirement plans which
employees can contribute to.
R
Re-aging – Bringing your account current. Bank guidelines vary on their re–aging
process (i.e., some re–age once in a twelve month period; some once in a five–year
period).
9. Real Property – Land, houses, condos. (also called Real Estate.)
Renters Insurance– An insurance policy renters can take out to cover the value of their
personal belongings while renting a home or apartment.
Revolving Credit – An agreement by a bank to lend a specific amount to a borrower,
and to allow that amount to be borrowed again once it has been repaid.
Roth IRA – An IRA which you deposit after tax dollars.
S
Savings Account – A deposit account that pays interest and allows for unlimited
deposits and withdrawals.
Secured – Backed by a pledge of collateral. (opposite of unsecured.)
Security – Assets pledged by a borrower to secure a loan. (also called collateral.)
Security Agreement – loan document pledging asset for a loan.
Simplified Employee Pension (SEP) – A plan for self–employed individuals (and their
employees) yet who have less than 25 employees.
Social Security Tax – A tax withheld from your pay to fund the Social Security
Retirement System. If you are self–employed you contribute the full percentage, if you
are employed you contribute half and your employer the other half.
Stocks – Instruments that signify ownership in a corporation. There can be different
classes such as common stock or preferred.
T
10. Truth in Lending – A federal law requiring lenders to fully disclose in writing the terms
and conditions of a mortgage, including the annual percentage rate and other charges.
(also called Regulation Z.)
U
U.S. Savings Bonds – Bonds issued by the United States government.
Unsecured – Backed not by collateral but only by the integrity of the borrower.
V
Variable Rate – A loan in which the interest rate can change during the term of the loan.
(opposite of fixed rate and also called adjustable rate.)
W
Will – A legal document which states your wishes for deposition of your belonging upon
your death.
X
Y
Yield – The rate of return on an investment.
Z
Zero-Coupon Bond – Bonds which pay interest only upon their maturity.