What is a Mortgage?
A mortgage is a method of using property (real or personal) as security for the payment of a debt...
What is a Credit Card?
A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued...
What is a Payday Loan?
A payday loan or paycheck advance is a small, short-term loan (typically up to US$1,500) that is intended to bridge...
What is a Loan?
A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. Like all debt...
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What is a Home Equity Loan?
A home equity loan is a type of loan in which the borrower uses the equity in his home as collateral. These loans are sometimes useful...
What is Debt Consolidation?
In their simplest form, stock options are a contract between two parties that expires at an agreed-upon time in the future...
What is Compensation?
In law, Compensation refers to the money paid or awarded as damages to a claimant (as it is known in the UK) or ...
What is Life Insurance?
Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money...
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