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Tip of the Day Deal Directly with The Seller

Deal Directly with The Seller - When looking for a home to buy, it is often best to deal with the seller directly and avoid paying real estate agent's fees....

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Prime Rate Fund

Prime Rate Fund A prime rate fund is a type of mutual fund that makes an attempt at getting the same return as the current prime rate. This is accomplished by investing in corporate debt that is likely to have a return on it. Since the prime rate is not available to all customers, and is generally reserved for these multinational corporations, there is a good chance of receiving a return. In addition, prime rate loans are given out because there is not a very good chance of a default, which can also lead to a sure return for investors in this type of mutual fund.

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Definition of the Day Payday Loan (Payday Advance)

Payday Loan (payday advance): very short term loans that charges usually very high interest. The lender provides the unsecured loan to be repaid by the borrower’s upcoming paycheck. Interests charge by the lender on the short term loan can be double digits with weekly compounding which can make a loan...

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