Binary options are a relatively new form of investing in which an individual can speculate on the direction of the market, or an individual stock or even a currency. Like typical options “Binaries” involve an underlying vehicle like a stock but unlike a typical option all settlements are in cash […]
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In finance, subprime lending (also referred to as Poor Credit Lending) means making loans to people who may have difficulty maintaining the repayment schedule, due to poor money management skills or reflecting setbacks such as unemployment, divorce, medical emergencies, etc. These loans generally have higher interest rates and less favorable terms in
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We are lucky to live in a world where the Internet is at our fingertips at all times. As a small business owner this means that you can keep on top of work emails, Tweets from clients and important messages wherever you are. Of course, this isn’t always a blessing
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The Monte Carlo method was invented in the late 1940s by Stanislaw Ulam, while he was working on nuclear weapon projects at the Los Alamos National Laboratory. It was named after the Monte Carlo Casino, where Ulam’s uncle often gambled. Ulam and John von Neumann programmed the ENIAC computer to carry out Monte
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No Income No Job No Assets (Ninja Loans) A NINJA Loan is a nickname for very low quality subprime loans. It was a play on NINA, which in turn is based on the notation scheme for the level of documentation the mortgage originator required. It was described as a No
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Finding items and expenditures that qualify as a tax write off on your federal tax return is definately a profitable skill to develop. A little bit of research can save you thousands on legitimate tax deductions. But the things that qualify are not always obvious even though they are valid deductions. Five surprising
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What is a Junior ISA? A Junior ISA is the initiative created by the UK’s Government to encourage parents, grandparents, family and friends to save for their children’s future. By saving only a small amount every week or month, it is possible to build up sufficient funds to ensure your
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Remortgage In time of declining interest rates, it is often beneficial to switch to a more favorable interest rate from a different lender. This process is called remortgaging, (aka. refinancing) basically it is the process of paying off one mortgage with the proceeds from another mortgage using the same property as security. The term
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Calculating a Credit Score or Rating Credit scoring methods vary from one scoring model to another, but the most widely used scoring system in U.S., Canada and other areas around the world is FICO. The factors are similar and may include: Payment history (35% of the FICO score) – Poor or erratic payment history can
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Unlike a land survey which simply determines the property lines and locates any survey pins or property markers and documents those locations, a building survey is a specialized report generated by an expert team containing a variety of specific information regarding the physical condition of a building. It is generally required for
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