A fixed amount credit card, as the name suggests, is a type of credit card that provides a fixed spending limit to the cardholder. Unlike traditional credit cards that offer a revolving credit line, fixed amount credit cards restrict the amount of money that can be spent. This can be usefu...
Like their variable-rate counterparts, fixed-rate credit cards can be offered as unsecured cards or on a secured basis (meaning that cardholders must deposit the amount of their credit line to serve as collateral). Fixed-rate cards can offer rewards and may come with an annual fee, though ...
When comparing lending products, remember that additional fees vary from lender to lender and even from product to product. So even if the nominal rates for various credit offerings are the same, the actual amount you’ll pay can differ. ...
Fund investors exercising any right to redeem units/shares of any fund may not get back the amount initially invested if the unit or share price has fallen since the initial investment. Deductions for charges and expenses, particularly the initial charge (if any), are not made uniformly through...
Fixed deposits are saving schemes where you invest in a one-time lump sum at a pre-determined interest rate. On the other hand, in a recurring deposit, you can set aside a fixed amount every week, month or quarter. Investment Amount ...
Fixed expenses are costs that usually stay the same over time, meaning they are regularly occurring and generally don’t change in dollar amount. Unlike variable expenses, fixed ones tend to be predictable and therefore easier to plan for. Fixed expenses examples Common examples of fixed expenses...
The rate of interest associated with the Fixed Deposit depends on the principal amount invested and investment tenure. So, on maturity, you will receive both the principal amount plus compound interest. However, this is true only if you opt for a cumulative Fixed Deposit. You also have the op...
Break-even analysis can also provide information about projected profits for those considering buying a business. The equation can help them calculate the number of units and the dollar amount needed to make a profit, and then decide whether these numbers seem credible and realistic. ...
A fixed interest rate loan means you will only have to pay an agreed amount of interest for a set amount of time – for example, one year. The opposite of this would be variable credit. The following sorts of loans may all come with offers of fixed interest rates: Student loans Mortgage...
That is, you pay the same amount, but you produce even more goods or services, meaning your per-unit price is lower. Let’s illustrate with an example. Say your company’s fixed costs total $5,000. You sell widgets for $50 each and have variable costs of $40 per unit. You have ...