Exposure at default (EAD) is the total outstanding value recorded. By the bank when a loan defaults. Usually, financial institutions. Calculate their risk using the internal ratings-based (IRB) approach. Banks …
Exposure at Default (EAD) – loss a bank is exposed to as borrowers default Read More
Lender A Lender is a person or entity, public or private, or financial institution that makes funds available for consumers, investors, businesses, etc with the aim of plowing back the …
Lender – What lenders evaluate before releasing fund Read More
Social Security is a system of government that offers monetary assistance to individuals with an inadequate or no income, it is a term commonly used for old-age, survivors, and disability …
Social Security – Social Security Retirement Benefits Planner Read More
The precision score is the name used for the TransUnion credit reporting agency’s NextGen credit model. Accuracy, precision and recall are three basic scores to measure the performance of a model in machine learning classification …
Precision Score – Understanding Precision Score And FICO Score Read More
What is an Individual Retirement Account? Individual Retirement Account (IRA), is designed to help individuals save for retirement and take advantage of tax benefits. IRAs come in two forms: Traditional …
Individual Retirement Account – What is an Individual Retirement Account? Read More
Roth IRA Contributions Roth IRA contributions is an individual retirement account that allows for qualified withdrawals on a tax-free basis, as long as the conditions are satisfied. The Roth came …
Roth IRA Contributions Rules: A Comprehensive Guide Read More
E*TRADE is one of the most popular online brokers, whose company’s $0 commissions and strong trading platforms appeal to active traders, while beginner investors on the other hand benefit from …
E*TRADE Review – Understanding The E*TRADE Pros & Cons Read More
IOU IOU – I Owe yoU, is simply a signed document that acknowledges a debt owed. It serves as an informal acknowledgment addressed to a creditor by the borrower about …
IOU – WHAT YOU SHOULD KNOW ABOUT IOU DOCUMENTS Read More
FICO score is a three-digit number which is also known as a credit score. It represents the creditworthiness of a borrower. It is the key to determining which financial products, …
What Is a FICO Score? Types And Factors For Calculating FICO Score Read More
Impaired credit is a term used in describing someone with defaults, that are detailed on their credit report. Firstly, this term is more severe than the term Adverse credit but …
Impaired Credit – Understanding Impaired Credit On Your Credit Report Read More