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What is a negative confirmation? Negative confirmation is a letter or document requesting that the recipient respond to the sender only if there was a problem with the content of the message or if the recipient wished to withdraw from the event to which the letter was addressed. Negative confirmation letters can be used in many types of business situations …

As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its United States dollar peg. Algorithmic stablecoin Neutrino Dollar (USDN) has deviated from the dollar once again, marking the fourth time that USDN struggled to …

In a sign of continued strength in the U.S. labor market, employers added 528,000 jobs to the economy in July, as reported speak Bureau of Labor Statistics (BLS) in his last non-agricultural payroll report. Payroll growth more than doubled analysts’ expectations of 250,000. With last month’s gains, the labor market surpassed its previous high of 152.5 million payrolls set in …

Company Min. Credit score (conventional) Max. Debt to income ratio Min. Advance payment Closing days Prosperity Mortgage Best overall 600 50% 3.00% 30 Cherry Creek Mortgage Ideal for VA loans 620 50% 3.00% 30 better.com Best online option 620 50% Not disclosed 32 SWBC Ideal for quick closing 600 50% 3.00% 21 Guide to choosing a mortgage lender with bad …

What is Free Credit? Free credit is the practice of making it easier to get credit, either by relaxing lending standards or lowering interest rates for borrowing. Loose credit often refers to the policies of a country’s central bank, whether it seeks to increase the money supply through the banking system (loose credit) or to contract it (tight credit). Loose …

The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total Synthetix (SNX) supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum and Optimism networks. In a …

What is a Debt Fund A debt fund is an investment pool, such as a mutual fund or an exchange-traded fund, in which the core holdings include fixed income investments. A debt fund can invest in short or long-term bonds, securitized products, Money Market instruments or floating rate debt. On average, expense ratios on debt funds are lower than those …

Nonfungible token- (NFT)-friendly rap icons Eminem and Snoop Dogg will be performing at MTV’s Video Music Awards (VMAs) together on Sunday in a performance inspired by the Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs. The Otherside is a collaboration project between Yuga Labs’ BAYC and NFT investment and gaming giant Animoca Brands. Partnering with Otherside creator Yuga Labs, …

What is a Provisional Notice of Cancellation (PNOC)? A provisional notice of cancellation is a means by which a participant in a reinsurance treaty may notify the other participants of its intention to withdraw from the treaty. This type of notice is only used for continuing reinsurance contracts, that is, those that remain in force until either party withdraws from …