Can I trade a currency when its main market is closed?

July 7, 2024 No Comments

A: In the forex market, currencies from all over the world can be traded at all times of the day. The forex market is very liquid, and the increased availability of advanced technology and information processing has only increased the number of participants. Although markets

Can Sallie Mae loans be forgiven?

June 30, 2024 No Comments

Sallie Mae (Student Loan Marketing Association) loans issued by SLM Corporation (SLM) similar to other private loans, cannot be forgiven. As of 2017, there is no option for private student loan forgiveness, but there are options for public student loan forgiveness. If a person needs

Can Sallie Mae loans be forgiven?

July 7, 2024 No Comments

Continuous compounding versus discrete compounding

June 30, 2024 No Comments

A: Discrete compounding and continuous compounding are closely related terms. An interest rate is discretely compounded whenever it is calculated and added to the principal at specific intervals (such as annually, monthly or weekly). Continuous compounding uses a natural log-based formula to calculate and add

Continuous compounding versus discrete compounding

July 7, 2024 No Comments

Debit card versus credit card

June 30, 2024 No Comments

Debit cards and credit cards work in similar ways. Both carry the logo of a major credit card company, such as Visa or MasterCard, and can be swiped at retailers to purchase goods and services. The key difference between the two cards is where the

Debit card versus credit card

July 7, 2024 No Comments

Debt and collection agency

June 30, 2024 No Comments

A: If your debt is significantly delinquent – usually 90 days or more past due – your lender may decide to either assign or sell your debt to a third-party debt collection agency. Sometimes collection agencies sell entire portfolios of debt accounts to each other.

Debt and collection agency

July 7, 2024 No Comments

Difference between delinquency and default

June 30, 2024 No Comments

A: Delinquency and default are both loan terms representing different degrees of the same problem: missing payments. A loan becomes delinquent when you make payments late (even by one day) or miss a regular installment payment or payments. A loan goes into default – which

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