What Is a Mortgage Par Rate?

A mortgage par rate is the standard rate used for adjustable rate mortgages (ARMs). It is the most common type of interest rate for this type of loan. The interest rate is determined by the lender and is based on a number of factors, including the borrower’s credit history, the type of loan, and the … Read more

What Is a Suspense Account?

How It Works, Types, and Example. What is a suspense account? A suspense account is a type of bank account used to temporarily hold funds that are not yet able to be transferred to their intended recipient. These funds may be held due to incomplete paperwork, incorrect account information, or other reasons. Suspense accounts are … Read more

Earnings Before Interest, Depreciation, Amortization, and Exploration.

Operating earnings before depreciation, amortization, and exploration costs. What are the 4 types of profit? The 4 types of profit are: 1. Operating profit 2. Net profit 3. Gross profit 4. Pre-tax profit What is depreciation and amortization in cash flow statement? Depreciation and amortization are two methods of allocating the cost of a long-term … Read more