Tag: loans
FICO Score
FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...
What are Fixed Interest Rates
What are Fixed Interest Rates There are several factors involved when you obtain a loan. For instance, when you look for a mortgage,...
SMA
SMA stands for simple moving average. It is an average that is calculated by adding the recent prices and dividing by the number of...
A-Credit
What is 'A-Credit' The highest credit grade available as assigned to a borrower by a lender. Lenders use a credit grading system...
B-School
What is 'B-School' Abbreviation of business school, an educational institution that focuses on teaching business-related courses. While business schools may offer courses...
Back Charge
What is 'Back Charge' A billing made to collect an expense incurred in a previous billing period. A back charge may be...
T-Account
What is a T-account
A T-account is a visual representation of the ledger of a business or individual. It is so named because it looks...
ABA Bank Index
What is 'ABA Bank Index' A banking index that is made up of community banks and banking institutions. This index was created...
IDC Deposits
What is 'IDC Deposits' IDC Deposits Corp. oversees the MMAX (Money Market Account Extra) program which provides depositors with an efficient way...
Jacob Schiff
DefinitionJacob Henry Schiff was a Jewish-American banker, businessman, and philanthropist. Among many other things, he helped finance the expansion of American railroads and the...