Personal Finance Word of the Day: Average Daily Balance
Word of the day: Average daily balance The average daily balance is the average balance on your credit card during a given billing cycle (usually a 30-day period). This is...
personal finance word of the day
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Personal Finance Word of the Day: Adjustable-Rate Mortgage
Adjustable-rate mortgages are making a comeback. A recent article in The Wall Street Journal says financial groups are offering sweeter deals in an effort to attract customers. But what exactly...
Personal Finance Word of the Day: Ponzi Scheme [Video]
The U.S. Securities and Exchange Commission defines a Ponzi scheme as an investment fraud