Business

What Does Daily Interest Accrual Mean? Are you wondering how the interest on your loan or investment is accrued? You are not alone. It can...

What Is an Origination Fee? A loan origination fee is a payment that is charged by a lender when you apply for a loan. An...

What Is Nominal ?And  What It Means in Finance and Economics ? Nominal is an expression in finance and economics that refers to a rate...

If you're weighing your options when it comes to borrowing money for your car, home, or small business, you'll want to know the differences...

What Is a Balance Transfer Fee and Can You Avoid It? If you have decided to transfer balances from one credit card to another, then...

What Is a Periodic Interest Rate? A periodic interest rate is a type of rate of interest that is calculated over a specific period of...

What Is a Cash Advance? A cash advance is a type of loan that lets you get money quickly. It's similar to a credit card...

What Is Interset Rate ? An interest rate is the price of borrowing money. It is a charge that varies from person to person, loan...

  Compounding is an important service in many industries. In health care, it allows the doctor to customize a drug to meet a specific patient's...