A Notary Public is an official of integrity appointed by state government —typically by the secretary of state — to serve the public as an impartial witness in performing a variety of official fraud-deterrent acts related to the signing of important documents.
Read MoreIn banking, a direct deposit is a deposit of money by a payer directly into a payee’s bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages.
Read MoreThe Federal Reserve System (or simply The Fed) is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in […]
Read MoreThe term “annual percentage rate” is commonly used in reference to financial products such as mortgages, credit cards and personal loans. Broadly speaking, APR is the sum of the interest rate plus extra fees, also known as finance charges, calculated on a yearly basis and expressed as a percentage. If there are no fees, the […]
Read MoreWhen someone’s debt is taken to collections, it means the original collector of the payments has handed over the responsibility of managing the unpaid balance to a debt collection agency. This is far from the only change though, as having an account in collections is designated on your credit reports as a delinquency and derogatory […]
Read MoreAn incentive program is a formal scheme used to promote or encourage specific actions or behavior by a specific group of people during a defined period of time.Incentive programs are particularly used in business management to motivate employees and in sales to attract and retain customers.
Read MoreCash value is the money that grows inside of a permanent life insurance policy.
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