Two-Step Mortgage

What is ‘Two-Step Mortgage’ A two-step mortgage offers a beginning interest rate for an agreed-upon introductory period. The period usually lasts for five to seven years. Often a two-step loan helps a […]

At least 3 killed in 6.1-magnitude Japan earthquake

A strong earthquake near Osaka, Japan, early Monday morning killed at least three people and injured at least 41, the Associated Press reported, citing local authorities. The 6.1-magnitude quake hit […]

Stated Income / Stated Asset Mortgage (SISA)

What is ‘Stated Income / Stated Asset Mortgage (SISA)’ A stated income-stated asset mortgage (SISA) loan application allows the borrower to declare their income without verification by the lender. These […]

Trade Adjustment Allowance

What is ‘Trade Adjustment Allowance’ A trade adjustment allowance is a federal government subsidy paid to individuals who have lost work because of increased foreign imports or the export to other […]

Credit Counseling

What is ‘Credit Counseling’ Credit counseling provides guidance and support on consumer credit, money and debt management, and budgeting. The objective of most credit counseling is to help a debtor […]

Anatolian Tiger

What is ‘Anatolian Tiger’ Anatolian Tigers are a colloquial term that refers to a number of cities in central Turkey whose industrial prowess since the 1980s has resulted in impressive growth rates […]

Profitability Index

Loading the player… What is the ‘Profitability Index’ The profitability index is an index that attempts to identify the relationship between the costs and benefits of a proposed project through […]

Promissory Estoppel

What is ‘Promissory Estoppel’ Promissory estoppel is the legal principle that a promise is enforceable by law, even if made without formal consideration, when a promisor has made a promise […]