Budgeting & Saving
Restrictive Endorsement: What It Means and How to Use It on a Check
Clear deposit instructions start on the back of the check. A restrictive endorsement adds instructions to a check endorsement about how the check should…
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Investing
Reinvestment Risk: What It Is, Examples and Ways to Manage It
Today’s income rate may not be tomorrow’s reinvestment rate. Reinvestment risk is the possibility that money received from an investment cannot be invested again…
Homeowners Insurance
Ordinance or Law Coverage: How Insurance Pays for Building Code Upgrades
Rebuilding costs can change when building codes do. Ordinance or law coverage helps pay certain additional costs of repairing or rebuilding damaged property when…
Estate Planning
Estate Account: What It Is, How to Open One and Who Can Use It
Keep estate money separate, organized, and accountable. An estate account is a bank account used by an authorized personal representative to manage money belonging…
Insurance
Insurance Endorsement: What It Is, Examples and How It Changes Coverage
A small policy change can make a big coverage difference. An insurance endorsement is a document that changes an existing insurance policy. It can…
Investing
Bond Convexity: What It Means and How It Affects Bond Prices
Understand the curve behind a bond’s price. Bond convexity describes how a bond’s sensitivity to yield changes itself changes as yields move. Duration gives…
Budgeting & Saving
Credit Balance Refund: How to Get Your Credit Card Overpayment Back
Your money, back where you need it. A credit balance refund returns money your credit card issuer owes you after an overpayment or another…
Investing
Treasury STRIPS: How They Work, Taxes and Investment Risks
One future payment—understand the price, taxes and risks today. Treasury STRIPS are individual principal or interest payments separated from eligible U.S. Treasury securities and…
Financial Planning
Escrow Refund: Why You Get One and When to Expect It
Understand the refund before treating it as extra spending money. An escrow refund is money returned from a mortgage escrow account when a qualifying…
Insurance
Garage Keepers Insurance: Coverage, Costs and Who Needs It
Protect the customer vehicles entrusted to your business. Garage keepers insurance helps protect a business against covered physical damage to customers’ vehicles while those…
Investing
Aluminum ETF: How to Get Exposure and Compare the Risks
Know the exposure behind the ticker. An aluminum ETF search can lead to very different investments: a fund holding industrial-metal futures, a fund owning…
Budgeting & Saving
Budget and Actuals: How to Compare Planned and Real Spending
Plan with purpose. Review with real numbers. Budget and actuals tell two sides of the same financial story: what you planned to earn or…