Money Factor

June 6, 2019 admin 0

What is the Money Factor? The money factor is an alternative method of presenting the amount of interest charged on a lease with monthly payments. The money […]

What Is a Default Rate?

June 4, 2019 admin 0

What Is the Default Rate? The default rate is the percentage of all outstanding loans that a lender has written off after a prolonged period […]

Cash Advance

June 3, 2019 admin 0

What is a Cash Advance A cash advance is a short-term loan from a bank or an alternative lender. The term also refers to a […]

Covenant Definition

May 30, 2019 admin 0

What Is a Covenant? In legal and financial terminology, a covenant is a promise in an indenture, or any other formal debt agreement, that certain […]

Beacon Score

May 30, 2019 admin 0

What is a Beacon Score The Beacon Score is a credit score generated by the Equifax Credit Bureau to provide lenders with insight on an […]

Emergency Fund

May 30, 2019 admin 0

What Is an Emergency Fund? An emergency fund is an account for funds set aside in case of the event of a personal financial dilemma, such as […]