What is a paying agent? A paying agent – also known as a “disbursement agent” – is one who accepts payments from the issuer of a security and then distributes the funds to holders of the security. Paying agent explained Paying agents are typically a corporate fiduciary department of a bank or trust company that…
XRP, the digital asset native to XRP Ledger used by Ripple’s On-Demand Liquidity (ODL) service is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, following the launch of Ripple’s partnership with forex company Travelex. Digital payment network Ripple announced on Thursday that foreign exchange company Travelex will utilize RippleNet’s ODL…
What is a skipped payment mortgage? A deferred payment mortgage is a home loan product that allows a borrower to skip one or more payments without any penalty. Interest accrued during skipped periods will instead be added to the principal, and monthly payments will then be recalculated once they resume. Deferred payment mortgages are most…
Erie is not only convenient and accessible, but it offers some of the most affordable auto insurance rates of 2022. Founded in 1925, Erie is a Fortune 500 company still based in Pennsylvania today. It has a limited reach with service only in DC and 12 states: District of Columbia, Illinois, Indiana, Kentucky, Maryland, New…
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it…
What is an interest deficiency? An interest deficiency is the accrued interest owed that remains after a borrower has made their monthly payment. This may result in negative amortization on some adjustable rate loans. Negative amortization is a financial term referring to an increase in the principal balance of a loan caused by an inability…
What is a bull market? A bull market is the condition of a financial market in which prices are rising or are expected to rise. The term “bull market” is most often used to refer to the stock market, but can be applied to anything traded, such as bonds, real estate, currencies, and commodities. Since…
Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center. In a Monday tweet, Crypto.com released an artist’s rendering of some of the changes it…
What is a treasury share? Unissued shares are company shares that are not circulating and have not been offered for sale to employees or the general public. As such, companies do not print stock certificates for unissued shares. Unissued shares are normally held in a company’s treasury. Their number generally has no impact on shareholders….