Collateral Definition, Its Types, & Examples

What Is Collateral? Collateral in the financial world is a valuable asset that a borrower pledges as security for a…

What Is an Adjustable-Rate Mortgage (ARM)? The term adjustable-rate mortgage (ARM) refers to a home loan with a variable interest rate.…

What Is a Mortgage? A mortgage is a type of loan used to purchase or maintain a home, land, or…

The financial crisis of 2007–2008 was years in the making. By the summer of 2007, financial markets worldwide showed signs…

What Are Reserve Requirements? Reserve requirements are the amount of cash that financial institutions must have, in their vaults or at the…

When assets plummet 20% from recent highs, Bear markets are among the scariest market events you’ll encounter. But long-term investors…

A certificate of deposit (or CD) is considered a type of savings account, but a CD holds your money for…

What Is Annual Percentage Rate (APR)? Annual percentage rate (APR) refers to the yearly interest generated by a sum that’s…

You already know that some debt can help you meet your financial goals. Taking out a mortgage on your house,…

You don’t need to know much about investing to be an investor. You can hire someone to do the work…