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Trailing interest (also known as residual or two-cycle interest) refers to the interest that accrues on a credit card balance after the statement is issued, but before the balance is repaid. The monthly statement shows how much interest is owing at the time it is produced. The balance then continues to accrue interest until it is repaid.
Today is the day you pay off the remaining balance on your credit card. Congrats! But if you waited until you received your statement in the mail, you’ll have to fork over additional money ...
"For example, if a REMIC is a segregated pool of assets within a legal entity, the residual interest could consist of (1) the rights of ownership of the REMIC's assets, subject to the claims of regular interest holders, or (2) if the regular interests take the form of debt secured under an indenture, a contractual right to receive distributions ...
A net interest margin security (NIMS) is re-securitized residual interest of a mortgage-backed security [37] A principal-only stripped mortgage-backed security (PO) is a bond with cash flows backed by the principal repayment component of property owner's mortgage payments.
Residual income is the money you have left after your bills are paid. Another term for it is discretionary income -- fitting, because residual income is yours to do with what you want. Ideally ...
What is residual income? Residual income is the money left over after you pay your bills (house payments, utilities, loans, credit cards, etc.). There are a few different ways to build residual ...
Amortization is the acquisition cost minus the residual value of an asset, calculated in a systematic manner over an asset's useful economic life. Depreciation is a corresponding concept for tangible assets. Methodologies for allocating amortization to each accounting period are generally the same as those for depreciation.
Retained interest (also colloquially known as a payout penalty) is future, currently unpaid, interest that some lenders add to the remaining principal of a loan to determine a payout figure in the event that the loan is terminated before the completion of the original term.