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TSX losers and winners since the June peak - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. What is the worst-performing stock on the S&P/TSX ...
Obama's plan to change the economy - SalonIn the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...
Big-name investors bravely give picks at Dallas seminar - Dallas Morning NewsIt took courage and a touch of insanity to stand on the stage of the Meyerson Symphony Center and offer money advice to hundreds of battle-worn investors – especially since they'd paid $1,000 apiece to hear market clairvoyance. That was the scene ...
Ottawa bows to banks to keep credit flowing - Globe and MailSilver Standard (Robert Menard Rules:)) from Canada writes: Well here we go guys, get your money out of paper. We are going to go down with the USA. We really don't need to do this, its criminal what they are going to do with or savings. All the ...
How European interest rates compare to others - Globe and MailIn Europe, as in every other developed economy, the central banks generally set interest rates to spur economic growth (by moving rates down) and to control inflation (by moving them up). Until recently, inflation has been a much bigger concern in ...
Can you have two principal residences at the same time? - Lodi News-SentinelDear Bob: My wife and I are avid readers of your educational articles, especially because we own four properties in three states. Following your suggestion, we put their titles into a living trust so our heirs won't be burdened with probates in ...
How to Fix Our Economy - Motley FoolWe're battered and bloodied and hanging on the ropes for survival as a result of the current financial crisis. Alas, nothing we've tried so far has helped all that much in protecting us from the barrage of devastating body blows. We've bailed out ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The October employment report was an ugly moment in a bad downturn. But the numbers are going to get far worse before the economy pulls out of ...
The Bailout is Not Enough: The End of the Age of Friedman, Part 2 - Huffingtonpost.comMany economists, even some liberal ones, seem to think that ending a "run" on banks and supplying them with capital is essentially the solution needed to right the economy again. Any further help is useful but secondary. This is wrong. The $700 ...
Is there a Plan B? - bbc• The Tories have a difficult game to play trying to persuade people they have anything very useful to say in the current financial crisis. • The bloom is off Vince Cable. Once a beacon of light in grim times, the Lib Dem Treasury spokesman may ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms