Filter by Categories
Accounting
Banking

Bitter-End CD

A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

PCA

It stands for prompt corrective action; a set of mandatory actions that regulators have to take in response to a...

NINJA Loan

An abbreviation for a "no income, no job and no assets" loan. It is a loan extended to an unemployed...

GPM

It stands for graduated payment mortgage; a fixed rate mortgage that entails low payment (of interest and repayment of principal) in...

FRCD

If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

MLCD

It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...

ZBA

It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...

Variable Rate CD

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

Discount CD

A certificate of deposit (CD) that pays no periodic interest to the holder. However, its return comes from it being...

APR

An abbreviation for annual percentage rate; it is the interest rate (charged for borrowing or made by investing) as calculated...