Being careful with your financial situation is very valuable. Here are some advices regarding finance issues. Charge cards do not have a preset spending limit and balances must be paid in full at the end of each month. Charge cards typically do not have a finance charge or minimum payment because the balance needs to be paid in full. Late payments are subject to a fee, charge restrictions, or card cancellation depending on your card agreement. You typically need to have a good credit history in order to qualify for a charge card.
Obtaining a Payday Loan: Payday loan providers are typically small credit merchants with physical locations that allow onsite credit applications and approval. Some payday loan services may also be available through online lenders. To complete a payday loan application, a borrower must provide paystubs from their employer showing their current levels of income. Payday lenders often base their loan principal on a percentage of the borrower’s predicted short-term income. Many also use a borrower’s wages as collateral. Other factors influencing the loan terms include a borrower’s credit score and credit history, which is obtained from a hard credit pull at the time of application.
Terms: An unsecured loan is a loan that is issued and supported only by the borrower’s creditworthiness, rather than by a type of collateral, such as property or other assets. Credit cards, student loans, and personal loans are all examples of unsecured loans.
Balance transfer: The movement of the amount owing from one account to another account. A credit card balance transfer, for example, involves the movement of the amount owed on one or more credit cards to another account or institution, usually for the purposes of consolidating debt and/or taking advantage of better interest rates and/or payment terms.
For our finnish readers here is a resource that you might find useful : Money and business resources. Official cash rate (OCR): Defined by the Reserve Bank of Australia (RBA) as an operational target for the implementation of monetary policy. Broadly speaking, it is is used to denote the interest rate which financial institutions pay to borrow or charge to lend funds in the money market on an overnight basis.
EPS: Finally, earnings per share is one of the most common things highlighted in an earnings announcement and provides investors insight into a company’s earnings health and often affects its stock price after an announcement. EPS is calculated by taking net income, subtracting the preferred dividends (for the sake of simplicity, let’s assume Hemlock Incorporated doesn’t pay dividends on preferred shares), and taking that difference and dividing it by the average number of outstanding shares. In the case of Hemlock, its current quarterly EPS is calculated by dividing its net income of $250 million by the company’s 37 million outstanding shares. When reported, EPS is typically compared to earnings from either the previous quarter or the same quarter in the previous fiscal year (year over year, or YoY). It is also used in basic valuation calculations like the P/E ratio.