Noella The fully indexed interest rate on a variable-rate mortgage is the rate that would apply if the index value were to increase by the maximum amount allowed before the interest rate is adjusted. For example, if the mortgage rate is 6.5% and the maximum index value increase is 2%, the fully indexed rate would be … Read more
A capital note is a debt security issued by a corporation in order to raise capital. Capital notes typically have a maturity date of five to seven years and pay interest semi-annually. The proceeds from the sale of capital notes are typically used to fund working capital needs or to finance capital expenditures. Are capital … Read more
Insurable interest is the legal concept that defines the relationship between the insured and the insurance policy. In order for an insurance company to issue a policy, the insured must have some type of insurable interest in the property or person that is being insured. This means that the insured would suffer a financial loss … Read more
