fire or other accident that impacts your property. Often, your lender collects the insurance premiums as part of your monthly mortgage bill, places the money in escrow, and makes the payments to the insurance provider for you when the premiums are due. ...
What was Disposable Income (DI) for 2014? a. What does Disposable Income consist of? b. How did DI change from 2013? c. What caused these changes? What are the major categories of expenses for a life insurance company? a. What are the three major sections of a balance sheet? b. Wha...
Procurement is the process of acquiring the goods and services a company needs to operate, such as raw materials, equipment and business services. It involves activities such as identifying requirements, selecting vendors, negotiating contracts and managing orders and payments to obtain the best value...
a complex set of processes needed to be followed before you can accept an order. This includes building customer profiles, tracking user activity, integrating various payment gateways, verifying credentials in real-time, verifying product availability and fulfillment terms, and accepting payments. ...
An amortization period is the length of time it should take to pay off your mortgage. For example, if you have a mortgage with a 25-year amortization, you’ll make your final mortgage payment at the end of the 25th year. Longer amortization periods result in lower monthly payments, but ...
Since, in a health insurance plan, the insurance provider does not pay for the entirety of your yearly medical costs, you have to pay a certain portion of these costs from your pocket. The deductible is one of these out-of-pocket payments. Before your insurance kicks in, you must first ...
As with any loan, interest payments are made and then principal is paid back at maturity. However, with a mortgage-backed security, interest payments to investors come from the thousands of mortgages that underlie the bond — specifically, the repayments in interest and principal the mortgage ...
How does the Fed use its balance sheet to implement monetary policy? The Fed uses its balance sheet to influence longer-term interest rates, which generally fall outside the scope of its Fed funds rate. When the Fed wants to stimulate economic growth, it purchases more assets, adding to its...
as the collateral can be sold to make the missed payments on the asset. Because of this, ABS can be a popular choice that may have greater liquidity compared to other securities depending on the market conditions
What Does the IMF Do? The International Monetary Fund (IMF) is an international organization founded with the aim of promoting economic growth and stability. One of its main activities is the extension of loans to countries on the condition of economic liberalization. What Is IMF Compared to Wor...