Tag: amount

National Insurance Contributions

National Insurance Contributions (NIC)

What are National Insurance Contributions (NIC)? National Insurance contributions (NIC) are payments made by employees and employers into the National Insurance scheme. The money is...

National Savings Rate

What is 'National Savings Rate' An estimate from the U.S. Commerce Department's Bureau of Economic Analysis (BEA) of the amount of income...

Offer In Compromise

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...

Offset Mortgage

Definition The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first...

Oil Reserves

DefinitionOil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price...

Offshore Portfolio Investment Strategy (OPIS)

What is 'Offshore Portfolio Investment Strategy - OPIS' A tax shelter product designed to create large, seemingly real losses to be used...

Mandatory Mortgage Lock

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...

Maintenance Margin

DefinitionIn finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty to cover some or all of...

Magnetic Ink Character Recognition Line (MICR)

What is 'Magnetic Ink Character Recognition Line - MICR' The information that appears at the bottom of a check that includes the...

Man-Year

What is 'Man-Year' A method of describing the amount of work done by an individual throughout the entire year. The man-year takes...

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