The National Credit Union Administration (NCUA) is an agency of the United States federal government. The federal government created the NCUA to monitor federal credit unions across the country.
Month: February 2020
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Bank Draft
A bank draft is a payment on behalf of a payer that is guaranteed by the issuing bank. Typically, banks will review the bank draft requester’s account to see if sufficient funds are available for the check to clear. Once it has been confirmed that sufficient funds are available, the bank effectively sets aside the funds from the person’s account to be given out when the bank draft is used. A draft ensures the payee a secure form of payment. And the payer’s bank account balance will be decreased by the money withdrawn from the account.
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Is there a cure for coronavirus covid-19?
Don’t believe what you hear folks, for this case of the Coronavirus (covid-19), check the official CDC website for latest news and information about the cure for COVID-19 Coronavirus.
https://www.cdc.gov/coronavirus/2019-ncov/about/prevention-treatment.htmlThere is currently no vaccine to prevent coronavirus disease 2019 (COVID-19). The best way to prevent illness is to avoid being exposed to this virus. However, as a reminder, CDC always recommends everyday preventive actions to help prevent the spread of respiratory diseases, including:
A variable interest entity (VIE) refers to a legal business structure in which an investor has a controlling interest despite not having a majority of voting rights. Characteristics include a structure where equity investors do not have sufficient resources to support the ongoing operating needs of the business. In most cases, the VIE is used to protect the business from creditors or legal action. A business that is the primary beneficiary of a VIE must disclose the holdings of that entity as part of its consolidated balance sheet.
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Prepayment Penalty
A prepayment penalty is usually specified in a clause in a mortgage contract stating that a penalty will be assessed if the borrower significantly pays down or pays off the mortgage before term, usually within the first five years of committing to the loan. The penalty is sometimes based on a percentage of the remaining mortgage balance, or it can be a certain number of months’ worth of interest. Prepayment penalties protect the lender against the financial loss of interest income that would otherwise have been paid over time.
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Present Value of an Annuity
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity.
Electronic bill payment and presentment (EBPP) is a process that companies use to collect payments electronically through systems like the Internet, direct-dial access, and Automated Teller Machines (ATMs). It has become a core component of online banking at many financial institutions today. Other industries—including insurance providers, telecommunications companies, and utilities—depend on EBPP services as well.
The Westpac Consumer Confidence Index is an index measuring the level of consumer confidence in Australia. IT is produced by the Melbourne Institute and published by the Westpac group. The Index is used to measure household economic expectations by averaging five different indexes that measure separate aspects of consumer sentiment and fiscal health.
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Keynesian Put
A Keynesian Put is the expectation that markets and the economy will be supported by fiscal policy stimulus measures. Fiscal policy stimulus, including reductions in taxes and increased government spending, are typically designed to boost the real economy, although financial markets also benefit from strengthening economic growth.
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Upfront Pricing
Upfront pricing refers to the interest rates and limits established for a borrower in a credit card’s underwriting and issuance. In credit card underwriting, a creditor will use automated technology to establish all of the pricing terms at the onset of the relationship. The details of a borrower’s upfront pricing terms are included in their credit agreement. Upfront pricing terms are generated from customized risk-based pricing methodologies which take into account a borrower’s credit profile and debt-to-income. Using these inputs the creditor will establish credit card pricing terms upfront for the credit agreement. Pricing terms generally focus on the borrower’s interest rate and credit limit.