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Tip of the Day

Tip of the Day Buy Airline Tickets as Far in Advance as Possible

Buy Airline Tickets as Far in Advance as Possible - We all like to save on our vacations as that allows for great spending when we make our travel destination....

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Money Market

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.  Also, many people get these confused with CD's.  They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts.  This means you can take your money out whenever you choose.

 

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Definition of the Day Nominal Value

Nominal Value - Nominal Value is the apparent worth or the known nominal value shown on the principal, the face, and the side, of a bill of exchange, currency, security, stock, share, bond, or the other type of financial instruments. The par value of a loan stock, bond, preferred stock,...

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