Examlex
Unlike the Social Security tax there is no maximum wage base for the Medicare portion of the FICA tax.
Fixed-Rate Loan
A loan where the interest rate remains constant throughout the term of the loan, providing predictability in payments.
Mortgage Broker
A professional intermediary who facilitates the process of acquiring a mortgage loan for individuals or businesses.
Maturity
Maturity, in the context of finance, refers to the date on which the final payment of a loan or financial instrument must be paid back in full.
Line of Credit
A flexible loan from a bank or financial institution that offers a maximum loan balance that can be used over time.
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