Finance

What is a look-alike contract? Similar contracts are a cash-settled financial product based on the settlement price of a similar exchange-traded, physically-settled contract future contracts. Similar contracts are negotiated over-the-counter and carry no risk of physical delivery regardless of the terms of the underlying futures contract. Similar futures contracts are regulated by the Commodity Futures Trading Commission (CFTC). Key points …

What is the business tax credit? Business tax credits are an amount that businesses can subtract from taxes owed to a government. Business tax credits are applied against taxes owed, as opposed to a deduction which is used to reduce taxable income. Businesses apply the tax credits when they file their annual tax return. In the United States, the Tax …

What is the Canada Pension Plan (CPP)? The Canada Pension Plan is one of the three tiers of the Canadian government’s retirement income system, which is responsible for providing retirement or disability benefits. The Canada Pension Plan was created in 1965 to provide a basic set of benefits to retirees and disabled contributors. If the beneficiary dies, the survivors receive …

What are the mountain range options? The mountain range options are a family of exotic options based on several underlyings securities. Mountain range options were first marketed by French securities firm Societe Generale in 1998. These options combine some of the key features of basket style Where rainbow options– both of which have more than one underlying security or asset …

What is the consumer price index for all urban consumers (CPI-U)? The Consumer Price Index for All Urban Consumers (CPI-U) measures changes in consumer prices in the United States based on a basket of goods and services. The term urban in the index refers to areas around any city or town with a population of at least 10,000. As a …

What is a standard floor limit? The term “standard floor limit” refers to the size of the transaction above which merchants are required to obtain authorization when processing a transaction. credit card transaction. For example, a trader with a standard floor limit of $100 should allow any trade over $100. Due to the rise of high-speed electronics payment processing systemsstandard …

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Live Lindsay VanSomeren is a respected personal finance writer whose work has appeared on Forbes Advisor, Northwestern Mutual, MassMutual, LendingTree, Credit Karma, Credit Sesame and The Balance. Lindsay’s expert personal finance knowledge grew out of her own personal finance journey. After a major financial setback in 2015, she honed her financial knowledge and translated that learning into hundreds of articles …

As of August 17, 2022, the benchmark 30-Year Fixed refinance rate is 6.15%, FHA 30-Year Fixed is 6.05%, Jumbo 30-Year Fixed is 5.03%, and 15-Year Fixed is 5.29%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their …

Type of loan To buy Refinance Fixed 30 years 5.55% 5.99% 30-year fixed FHA 5.43% 5.91% VA 30 years fixed 5.60% 6.15% 30 year fixed jumbo 4.94% 5.03% 20 years fixed 5.23% 5.46% 15 years fixed 4.97% 5.25% 15 year fixed jumbo 4.94% 5.04% 10 years fixed 4.95% 5.19% 10/6 ARM 5.78% 6.10% ARM 7/6 5.81% 5.90% Jumbo 7/6 ARM …