A guide to the many terms used in the consumer finance market. A acceptance rate – Percentage of customers who are successful when applying for a loan or credit card. Applicants 66% or more must be offered the advertised rate known as the Typical APR (see ‘Typical APR’, below). Annual Percentage Rate (APR) The rate … Read more
estate planning Financial Planning tax planning Tax-loss harvesting is a strategy our financial planners use to convert lost money from an investment into a profitable opportunity. Our tax planners use realized capital losses to reduce your tax bill. You don’t really make a profit or loss on any asset until you sell it. When the … Read more
Extra effort in managing one’s personal finances will result in a more positive use of personal resources. With attainable, realistic goals, one’s financial situation will be progressing in no time. However, on the part of the person concerned, it demands proper planning and monitoring. It also needs to be assessed at some point to see … Read more