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All terms starting with "H"
A durable power of attorney is a designated indivi … moreA durable power of attorney is a designated individual who is authorized to handle financial matters on your behalf in the event you are incapacitated, such as due to illness or an accident.
A health care proxy is an agent legally appointed to make healthcare decisions on your behalf when you are medically incapable of doing so.
A health care proxy is an agent legally appointed to make healthcare decisions on your behalf when you are medically incapable of doing so.
A designated beneficiary receives the assets from … moreA designated beneficiary receives the assets from a financial account or insurance policy in the event of the account or policy holder's death.
Hold:
A hold is a reserve placed on a consumer's credit … moreA hold is a reserve placed on a consumer's credit limit or debit balance to cover the final, as-yet-unknown amount of a transaction. Holds are likely to occur when you use your card at gas stations, restaurants, hotels, or other locations where the total transaction amount can vary due to tips, tabs, and the size of your gas tank. Holds may be lifted within minutes, hours, or days. Also called "Blocks."
In bankruptcy, an amount paid by Person A to Perso … moreIn bankruptcy, an amount paid by Person A to Person B that compensates for a particular loss suffered by Person B.
When it comes to using your home value for financi … moreWhen it comes to using your home value for financing purposes, you can use either a home equity loan or a home equity line of credit (HELOC).
Both home equity loans and home equity lines of credit allow you to leverage the value of your house as a means of accessing credit at a low cost. One of the key differences between them lies in the fact that a home equity loan gives you access to a set amount of money, while a HELOC allows you to access money when and if you need it, up to a certain credit limit. The other main difference is that home equity loans usually have fixed interest rates, whereas HELOCs usually have variable interest rates, which means their interest rates change based on the Prime Rate or the Libor Rate.
Both home equity loans and home equity lines of credit allow you to leverage the value of your house as a means of accessing credit at a low cost. One of the key differences between them lies in the fact that a home equity loan gives you access to a set amount of money, while a HELOC allows you to access money when and if you need it, up to a certain credit limit. The other main difference is that home equity loans usually have fixed interest rates, whereas HELOCs usually have variable interest rates, which means their interest rates change based on the Prime Rate or the Libor Rate.
This is a relative scale to measure the quality of … moreThis is a relative scale to measure the quality of your health insurance based on the plan inclusions and extent of coverage. If most of your health issues and medical expenses are covered, then the quality would be good. However, if only the basic health conditions and a low percentage of medical expenses are included, then the quality is closer to bad.
A good rule of thumb is to use 80% of your current … moreA good rule of thumb is to use 80% of your current monthly expenses (i.e. TOTAL_EXPENSES), which equates to DEFAULT_RETIREMENT_EXPENSES.
This rule is based on the assumption that certain essential costs of living may remain the same—and some costs may go down, such as work expenses, taxes, and mortgage payments. However, costs in the later years of retirement can often be a function of health and longevity, with medical and long-term care costs warranting a larger percentage of income. Using a higher percent guideline is better if you’re more conservative.
This rule is based on the assumption that certain essential costs of living may remain the same—and some costs may go down, such as work expenses, taxes, and mortgage payments. However, costs in the later years of retirement can often be a function of health and longevity, with medical and long-term care costs warranting a larger percentage of income. Using a higher percent guideline is better if you’re more conservative.
If you donât know the potential rent, you could … moreIf you don’t know the potential rent, you could use the Zillow Rent Estimate to get a value.