by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Bank Insurance Fund?How Does a Bank Insurance Fund Work? What is a Bank Insurance Fund?Bank Insurance Fund (BIF) is a unit of Federal Deposit Insurance Corporation (FDIC) that deals with the provision of insurance protection for...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Emergency Banking Act of 1933?How Does the Emergency Banking Act of 1933 Work? What is the Emergency Banking Act of 1933?Emergency Banking Act of 1933 was put into law during the reign of President Franklin D. Roosevelt of USA...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Balloon Loan?How Does a Balloon Loan Work? What is a Balloon Loan?A balloon loan refers to a type of loan that does not have full amortization over its term. This type of loan requires that the remaining principal amount to be paid...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Bridge Loan?How Does a Bridge Loan Work? What is a Bridge Loan?A bridge loan is a type of short-term loan which is used by an individual or company as they secure permanent financing or deal with an existing obligation. It provides...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is an Amortized Loan?How Does an Amortized Loan Work?The relationship between capital and interestCalculation Amortized Table What is an Amortized Loan?Amortized loan debt requires monthly payments over a set period, in which a portion...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
What is an Adjustable-Rate Mortgage?This is a form of mortgage where the interest rate on the outstanding balance is not constant but varies throughout the life of the loan. The initial rate is first fixed for a period of time, and then it resets periodically after a...
