Cash settlement is a device used instead of physical deliveries to fulfill futures contract obligations upon contract maturity. In 1981, cash settlement was first applied to trading futures contracts in Eurodollar time deposits and...
With $4.0 trillion traded daily, currency future (FX future or foreign exchange future) markets represent the largest asset class in the world. Forex futures are used for currency price trend speculation as well as...
Vehicle insurance is known by various other names such as GAP insurance, auto insurance and motor insurance. Vehicle insurance is the insurance purchase for vehicles like motorcycles, cars, trucks and other such vehicles. This...
A certificate of deposit is a term deposit, which can be defined as financial product widely accessible to consumers in the United States offered by banks, thrift institutions and credit unions. Just like savings...
Credit card interest is one of the most important means through which credit card issuers generate revenue. A card or an account number is issued by a bank or credit union which enables a consumer (the cardholder) to use it with various...
Prime rate or prime lending rate is a term which is used in many countries for referring interest rate charged by banks to each other. The term earlier signified the rate of interest at which banks lent to...
A home equity line of credit also refereed as HELOC and pronounced HELL-ock is a loan in which the lender is ready to provide a maximum amount of loan within a fixed period (called a term), where the collateral is the...
Home equity represents the market value of a homeowner’s unencumbered interest in their real property—to be precise; it is the difference between the home’s fair market value and the outstanding balance of all liens on the property. The property’s equity will rise as the debtor make...
A mortgage backed loan in which the borrower receives the loan in cash is called as an equity loan. In general, the lender secures the loan against borrower’s real estate, already owned outright. For instance, if a person...
Contents insurance is insurance in which insurer pays for damage to, or loss of, an individual’s personal possessions provided that they are located within individual’s home. However, in case of some contents insurance policies, a restricted...
What is Pre-Approval A written commitment issued by a lender after a comprehensive analysis of the creditworthiness of the applicant, including verification of income, resources, and other such matters as is typically done as...
In the fast-paced world of financial markets, it is important to develop domain knowledge expertise in quantitative and qualitative analytical skills. Increasing volatility across global markets has necessitated a multidimensional approach for understanding the...
E-minis are stock market index futures contracts traded on the Chicago Mercantile Exchange’s Globex electronic trading platform. CME E-mini S&P 500 tracks the Standard & Poor’s 500 Index, the key benchmark for large-capitalization U.S. stocks...
The word refinancing refers to converting the existing debt obligation with a new debt obligation under new terms. These terms and conditions, however, differ widely by country, province/state. This is because; the inherent risk...
A deposit account which is held at bank or financial institution by individuals/business entities (account holders), offering them secured and swift access to funds on demand, through a variety of different channels, is called...