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...
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...
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. One...
Rate-Improvement Mortgage
What is a Rate-Improvement Mortgage
A rate-improvement mortgage is a type of home loan that offers a lower interest rate than the standard fixed-rate mortgage....
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...
Warm Card
What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...
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...
Japan Inc.
What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business...
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...
Gambling Income
What is gambling income and how is it taxed
Gambling income is defined as any money or prizes won from gambling activities, such as playing...