13 Results for Tag: literacy

Knowledge Economy

DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part of human kn

Identity Theft

DefinitionIdentity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, a

National Foundation For Consumer Credit (NFCC)

National Foundation For Consumer Credit (NFCC) What is 'National Foundation For Consumer Credit - NFCC' A non-profit organization that seeks to educate consumers about credit and borrowing

Rate-Improvement Mortgage

Home Ownership by Country Rate-Improvement Mortgage What is 'Rate-Improvement Mortgage' A type of fixed-rate mortgage, which contains a clause that entitles the borrower to reduce the fixe

Participation Mortgage

DefinitionA participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional equitable interests. In this arran

Warm Card

Warm Card What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the card allows for making deposits to the account but not


Debt Debt means anything that is either owed and/or due. The parties to any debt are referred to as lenders i.e. those who give, and borrowers or those who receive loan. Usage Debt is


Home Ownership by Country Mortgages A Mortgage is a legal agreement that conveys conditional right of ownership of an asset or property by its owner to a lender as security for a loan. Mortg

Japan Inc.

Japan Inc. What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business people saw how closely the Japanese government work

It is a 401k?

It is a 401k? A 401k plan is a retirement plan that is available through an employer. It allows you to save and grow your nest egg using investments in the market. When you are ready to reti
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