Archive | October, 2009

What is Section 1244 Stock?

Posted on 10 October 2009

1244 stock is referred to as a classification on investments used when filing a capital loss on personal taxes with the Internal Revenue Service (IRS). Usually, there is a limit of $3,000 US Dollars (USD) on losses that can be counted against personal income. Individuals are able to write off up to…

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What is Bank CD (Certificate of Deposit)?

Posted on 10 October 2009

The bank CD, or certificate of deposit, is a simple but useful means of creating financial security for the future. Being a money market instrument, the rate of interest that is earned on a bank CD is based on current money market rates. The bank certificate of deposit is…

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Amazon.co.uk launches Credit Card

Posted on 02 October 2009

A credit card has been launched by the Internet giant amazon.co.uk. A nine-month interest-free period for purchases and 0% on balance transfers for…

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National Average Credit Card Interest Rates

Posted on 01 October 2009

For the past five weeks average credit card interest rates on purchases has remained flat. For all fixed-rate cards the mean APR stood at 12.34%, and the average variable rate held to…

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