Tag: personal

What is 'Caisse Populaire' A cooperative, member-owned financial institution that fulfills traditional banking roles as well as diverse activities such as lending,...

DefinitionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It...

What is 'Call Rule' A exchange rule whereby the official bidding price for a cash commodity is competitively established at the end...

By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at the point...

What is passive income and why should you care Passive income is a type of income that does not require active work to earn. This...

DefinitionA capital gain refers to profit that results from a sale of a capital asset, such as stock, bond or real estate, where the...

DefinitionHead of Household is a filing status for individual United States taxpayers. Head Of Household What is 'Head Of Household' A status...

What is a 'Paradigm Shift' A paradigm shift is a major change in how some process is accomplished. A paradigm shift can...

What is 'Pairoff' 1. A purchase of securities to offset a previously transacted sale of the same security. 2. A...

What is 'Passbook Loan' A personal loan extended to a savings-account holder by the custodial bank. Passbook loans use the balance of...