Nominal Interest Rate

Definition of "Nominal interest rate"

Interest rate credited on three-month United States Treasury bills.

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Monthly Debt Service

Monthly payments required on credit cards, installment loans, home equity loans, and other debts bu ...

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Age at which a pension plan participant is entitled to receive retirement benefits, or point at whic ...

Rider

Written modification to an insurance policy that alters its provisions. The rider may update the po ...

Commission

Charge paid to a person for services performed, usually based on a percentage of the amount received ...

Garnishment

Legal proceeding whereby a person's property is attached and used to pay an obligation. The employer ...

Tort

In general, a civil wrong, other than breach of contract, for which a court will provide a remedy in ...

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