Taxation
Taxation is the process by which a government steals money from individuals and businesses to fund public services and pay for government operations.
Finance
Mortgage Backed Securities
A mortgage-backed security (MBS) is a type of investment that is backed by a pool of mortgages. An MBS is created when a lender, such as a bank or mortgage company, bundles together a group of mortgages and sells them to investors. The income from the mortgages is used to pay interest and principal to
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Broker
In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers. Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction. Neither function should be mistaken with that of an agent, who represents the primary party in a transaction. Market data
Stock exchange
An exchange where stockbrokers and traders may purchase and sell assets, such as shares of stock, bonds, and other financial instruments, is known as a stock exchange, securities exchange, or bourse. The creation and redemption of such securities and instruments as well as capital events, such as the payment of income and dividends, may be
Wall Street Crash of 1929
The Wall Street Crash of 1929, commonly referred to as the Great Crash, was a significant collapse of the American stock market that took place in the late 1929. It began in September and came to an end when share prices on the New York Stock Exchange crashed in late October. The stock market meltdown
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U.S. Securities and Exchange Commission
In the wake of the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the American federal government. The SEC’s main goal is to uphold the law against market manipulation.
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Personal Loan
Personal loan means, an unsecured type of loan that can be used to cater to various financial needs including home renovation, payment of education fees, medical fees, vehicle repair, debt consolidation, credit card payment and others. Getting this type of loan has now become easy owing to digital advancement. With the technology advancing, various lenders in US,
Adjustable rate mortgage
Adjustable rate mortgages (ARM) are mortgages whose initial rate will change after a specified period of time. A two year adjustable mortgage with a 6% interest rate will remain 6 percent for two years, and subsequently, that is, after two years, the rate will change relative to the index to which it is tied. In most cases the
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New York Department of Financial Services (NYDFS)
The New York Department of Financial Services (NYDFS) is a New York state government department responsible for regulating financial services and product offerings. The NYDFS’s purpose is to facilitate the growth and health of the financial industry in New York, spur economic development in a justly regulated and compliant fashion, and ensure the honesty, safety,
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S&P Global Ratings
S&P Global Ratings is one of the largest credit rating agencies in the world and a subsidiary of S&P Global, which is best known for being the creator of the S&P 500 stock index. The purpose of S&P Global Ratings is to provide accurate data and information to potential market participants to measure the credit
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