Personal Finance

  1. Bank Insurance

    Bank insurance is a guarantee by the Federal Deposit Insurance Corporation (FDIC) of deposits in a bank.
  2. Insurance Grace Period

    An insurance grace period is a defined amount of time after the premium is due in which a policyholder can make a premium ...
  3. Renter's Insurance

    Renter's insurance is property insurance that covers a policyholder's belongings, liability and possibly living expenses ...
  4. Mortality And Expense Risk Charge

    A mortality and expense risk charge is a variable annuity fee that compensates insurance companies for risks and expenses ...
  5. Hurricane Deductible

    A hurricane deductible is the amount a homeowner must pay before insurance will cover the damage caused by a hurricane.
  6. Care, Custody Or Control (CCC)

    Care, custody or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property ...
  1. Reverse Mortgage or Home-Equity Loan?

    If you have equity in your home and need more cash in retirement, a reverse mortgage – or home-equity loan or line of credit ...
  2. When a 401(k) Hardship Withdrawal Makes Sense

    If you've exhausted all other avenues, there are ways to withdraw funds before age 59½ – sometimes without the 10% penalty ...
  3. Right Of Rescission

    The right of rescission, under U.S. law, allows borrowers to cancel a home equity loan or line of credit with a new lender ...
  4. Unsecured Loan

    An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of ...
  5. Deed Of Reconveyance

    A deed of reconveyance is a document issued by a mortgage holder indicating that the borrower is released from the mortgage ...
  6. Personal Property

    Personal property is a type of property which can include any asset other than real estate.
  1. Debtor-in-Possession Financing (DIP Financing)

    Debtor-in-possession financing (DIP financing) is a special kind of financing meant for companies that are financially distressed ...
  2. Business Exit Strategy

    A business exit strategy is an entrepreneur's strategic plan to sell their ownership in a company to investors or another ...
  3. Queuing Theory

    Queuing theory is the mathematical study of the congestion and delays of waiting in line.
  4. Virtual Office

    A virtual office gives businesses a physical address and office-related services without the overhead of a long lease and ...
  5. Razor-Razorblade Model

    The razor-razorblade model is a pricing tactic in which a dependent good is sold at a loss (or at cost) and a paired consumable ...
  6. Direct Participation Program (DPP)

    A direct participation program (DPP) is a pooled entity that offers investors access to a business venture's cash flow and ...
  1. How To Make Your First $1 Million

    It is easier to become a millionaire now than at any time before. While you won't be buying islands, it is still a goal worth ...
  2. Backup Withholding

    A tax called backup withholding is levied on investment income when the investor withdraws those funds.
  3. A Guide To Rollover A 401(k) To A New Employer

    You CAN take it with you. Here's exactly what you need to know about 401(k) rollovers.
  4. The Pros and Cons of 529 College Savings Plans

    Saving for a child's education via a 529 plan has major advantages as well as some complexities.
  5. Income In Respect Of A Decedent - IRD

    Income in Respect of a Decedent (IRD) is untaxed income that a decedent earned or was meant to receive before death.
  6. Family Limited Partnership - FLP

    A Family Limited Partnership (FLP) allows family members to own shares of a family business while securing estate and gift ...
  1. Right Of Rescission

    The right of rescission, under U.S. law, allows borrowers to cancel a home equity loan or line of credit with a new lender ...
  2. Unsecured Loan

    An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of ...
  3. Amortizing Security

    An amortizing security is an debt-backed investment where a portion of each payment goes to principal and interest, rather ...
  4. Insurance Grace Period

    An insurance grace period is a defined amount of time after the premium is due in which a policyholder can make a premium ...
  5. Renter's Insurance

    Renter's insurance is property insurance that covers a policyholder's belongings, liability and possibly living expenses ...
  6. Mortality And Expense Risk Charge

    A mortality and expense risk charge is a variable annuity fee that compensates insurance companies for risks and expenses ...
  1. How To Make Your First $1 Million

    It is easier to become a millionaire now than at any time before. While you won't be buying islands, it is still a goal worth ...
  2. Use These Tips in Your 20s to Get Ahead Financially

    While it's important to enjoy yourself and be spontaneous, your 20s are also a critical time for building smart financial ...
  3. Money Market Account

    A money market account is an interest-bearing account that typically pays a higher interest rate than a savings account.
  4. How Much Millennials Should Save to Retire Comfortably

    Millennials may not be worrying about retirement just yet, but they should be thinking about how much they'll need to save.
  5. Retirement Saving Tips for 65-Year-Olds and Over

    Find out how to save smarter after 65.
  6. Make the Right Choice: Buying or Leasing a Car

    Ask yourself these questions before deciding between leasing or buying a car.