What is a Teaser Rate?

A teaser rate is a low introductory interest rate offered by lenders on certain products, typically credit cards and adjustable-rate mortgages (ARMs), to entice customers. Once the introductory period expires, the interest rate typically increases, sometimes significantly. For example, a credit card may offer a 0% APR for the first 12 months, after which the … Read more

What Does Not for Profit Mean?

The term “not for profit” refers to an organization that does not earn a profit for its shareholders or owners. Instead, any money earned by the organization is used to further its goals or mission. Not-for-profit organizations are often formed to provide a service or to advocate for a cause. There are many different types … Read more