Sibilla 
A dry closing is the final step in the home-buying process, during which the buyers and sellers sign the official paperwork and the home’s title changes hands. This term is used to contrast with a wet closing, during which the home’s keys are also handed over to the new owners. What is the difference between … Read more
The term “taxation without representation” refers to the idea that a government should not be allowed to tax a citizen without that citizen having a say in how that government is run. This concept is often cited as one of the main reasons for the American Revolution. In the years leading up to the Revolution, … Read more
An Equated Monthly Installment (EMI) is a fixed amount of money that a borrower pays to a lender at regular intervals. The EMI consists of the principal amount and the interest charged on the loan. The borrower repays the loan in equal monthly installments over the loan tenure. The EMI is calculated using the interest … Read more
Amortizing is the financial process by which a debt is gradually extinguished through periodic payments that can be of the same or different amounts. That is, amortize means gradually repaying the capital of a loan or a credit. The most common is that the payment of these obligations is made through staggered disbursements over time, … Read more
