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What is an Annuity?• An annuity is a financial instrument that provides fixed payments over a specified period of time. An annuity provides a distribution of finances, earned on an investment in a fixed schedule; the payments are allocated to the holder of the annuity in quarterly, monthly, biannually or annually installments.• An annuity is typically used as part..

What is Debt Management?When an individual faces mounting debts, when they borrow more money than they can afford to pay back, they must initiate a debt management program to help alleviate the satisfaction of their loans.Debt management services are available to aid people who experience financial difficulty. Those individuals with mounting credit card debts, medical bills, or..

What is a Bailout?• In the field of economics, a bailout refers to the act of loaning or injecting capital into an entity, such as a company, an individual or a country, which is in danger of failing. The bailout is a calculated financial maneuver that increases a failing entity’s liquidity profile; the maneuver is undertaken in an attempt to free the struggling entity..

Full Text of the Bank Secrecy Act of 1970 Introduction The Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 1051 et seq.) is often referred to as "The Bank Secrecy Act" (BSA). Its purpose is to require financial institutions to maintain appropriate records and file certain reports which have a high degree of usefulness..

A bill of sale is a document that a purchaser receives from a seller signifying an item being sold, its value and the transfer of title from one owner to another.  A bill of sale can be absolute or conditional, depending on the prior agreement of the grantor and grantee.  The bill of sale is generally a legal document that transfers the rights of ownership or use and ..

What Is Compound Interest?Simply put, compound interest is the interest that is earned on interest. When interest is put on a principal, it adds to the total sum of the principal. The next time interest is put on the value, it is including the principal as well as the previously earned interest, which becomes compound interest.  This is different from simple interest, wher..

Changing Prices: Cost of Living IndexA cost of living index is a hypothetical price index that compares and measures the relative cost of living in regions or different times. The useful purpose of a cost of living index is its ability to measure the differences in the price of services and goods. It also allows for other items being substituted as prices vary.There are a varie..

Figuring out How to Save MoneyNo matter what financial situation a person is in, it is always a good idea to try to save money. However, it is often difficult to figure out how to save money. Whether it is saving money for a retirement fund, or just trying to keep a few extra dollars, having extra money and being a careful spender is important in order to obtain financial succe..

What is FINRA?• FINRA, or the Financial Industry Regulatory Authority, is a private corporation in the United States that acts as a self-regulatory organization for broker-dealers. Although it is commonly mistaken for a government agency, FINRA is a non-governmental organization that institutes financial regulation on American brokerage firms and exchange rates. •..

What is Forex Day Trading?Forex trading is generally a twenty-four hour commitment that requires your full attention and in depth knowledge on how Forex markets work.  Although you may be able to avoid deep losses with the use of automatic Forex trading software, most that engage in Forex day trading do so on behalf of banks and large financial institutions.  One shou..

Helpful Tips for Frugal LivingFrugal living may sometimes seem like a pain, but getting into the habit of saving money can add up quickly. The saved money can be invested, help pay off debt, or just be saved. To start off a new life of frugal living, here are some helpful hints to get into the swing of it.Frugal Living and Transportation• Buy a used car instead of new.• Jus..

Obtaining a Guarantee (or Surety)A guarantee, or surety, is a promise made by a third party who agrees to assume responsibility on a liability, such as a bond, loan, or payment, of a borrower in the event of default. The individual or company who agrees to the responsibility, or the guarantor, can often be a private individual or a bank. Often the use of a bank reduces the risk..

What are Debt Investments?• A debt investment, is the process of investing in someone or something’s (corporation or government entity) debt schedule; the owner of a debt security, in essence, is betting that the issuer of the debt instrument is going to pay-off, in full, the underlying debt obligation.• Debt investments are loans given to individuals or compani..

    What is an interest calculator?     An interest calculator is a way for individuals, and businesses, to determine the expected cost, or income of giving and accepting loans.  An interest calculator can also be used by investors to determine the amount of money they can expect from returns on investments.  There are many diff..

How to Calculate Returns on InvestmentsWhenever you make an investment, you have the change to make more money on it, which is called a return. For example, if you put money in a bank account pays, you receive interest which is the return investment. You earn a small amount of interest on this investment because you allow the bank to hold on to your money. The bank then lends y..