What Are Interest Rates?
Interest rates refer to the amount a lender charges a borrower in return for the privilege of borrowing money. This...
What Are Loans?
Loans refer to when one party gives money to another on the condition that it be paid back, typically with...
What Is a 401k?
A 401(k) is a retirement savings account offered by for-profit employers to help their employees save for retirement. A 401(k)...
What Is a Credit Score?
Your credit score is a three-digit number that represents how well you've handled credit in the past and how likely...
What Is a Line of Credit?
A line of credit is an amount of money that a lender offers to let you use when you need...
What Is a Periodic Interest Rate?
The periodic interest rate means the interest rate over a specific period of time. The period rate helps you figure...
What is a Rollover IRA (and What Are the Benefits)?
A rollover IRA refers to an individual retirement account that is set up to accept a transfer of money from...
What Is a Roth IRA?
A Roth individual retirement account is a special type of IRA that offers after-tax savings, rather than pretax savings like...
What Is a Short Refinance
A short refinance is when your mortgage lender agrees to accept less money than you currently owe on your mortgage....
What Is A Short-Sale Home?
A short sale of a home is when a home sells for less than the amount needed to pay off...