A financial intermediary refers to an institution that acts as a middleman between two parties in order to facilitate a financial transaction.| Corporate Finance Institute
A covenant is a specific term in a credit agreement that requires or restricts certain circumstances or behaviors by a borrower. Learn more!| Corporate Finance Institute
Arrears refers to payments that are overdue and that are supposed to be made at the end of a given period after missing out on the required payments.| Corporate Finance Institute
Master your financial advisory skills across planning, investment advisory, and portfolio management. Get accredited 100% online.| Corporate Finance Institute
A credit card is a simple yet no-ordinary card that allows the owner to make purchases without bringing out any amount of cash. Instead, by using a credit| Corporate Finance Institute
A mortgage is a type of loan secured by real property. There are residential and commercial mortgages, with risk characteristics that are unique to each.| Corporate Finance Institute
The Annual Percentage Rate (APR) is the yearly rate of interest that an individual must pay on a loan or that they receive on a deposit account.| Corporate Finance Institute
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Looking to boost your finance career resources? CFI offers in-depth guides and tips to elevate your profession. ✓ Unlock success with us today.| Corporate Finance Institute
Interest expense arises out of a company that finances through debt or capital leases. Interest is found in the income statement, but can also| Corporate Finance Institute