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Q: what is a "carrying charge"?

Category: glossary , Asked by: M. Z. From Monte-Carlo, Monaco

A: A cost associated with holding a financial instrument or storing a physical commodity over a defined period of time. Carrying charges include fees such as insurance, storage, and other related costs. These costs are generally incorporated into the price of a futures contract or commodity. Visit eToro

  1. Q: I love if the options feature french. How do I find a forex site that offers that?

    Category: platform , Asked by: Johnathon W. From Delta, Canada

    A: If you seek a heavenly forex site that's got a really array variety of languages, you should definitely try "Finexo Ltd." - its interface supports many different languages. Whether you're a Portuguese, Turkish, Arabic, Chinese or Russian speaker, or even Deutsch, "Finexo Ltd." features crisp and comfortable trading through a multilingual program.

  2. Q: do you know what a "mortgage rate lock deposit" is?

    Category: glossary , Asked by: Janelle P. From United States

    A: A fee that a lender charges a borrower that allows the borrower to lock in an interest rate for a certain time period with the expectation that the borrower's mortgage will fund within that time period. The longer the lock period, the larger the required lock deposit. The lock deposit is credited to the borrower when the mortgage funds. If the borrower walks away from the lock agreement, he or she loses the lock deposit. Many lenders do not charge lock deposits as borrowers tend to shy away from them. However, borrowers should recognize that as with all things financial, "there is no free lunch", and a reputable lender that requires a lock deposit may be able to offer a lower interest rate.

  3. Q: do you know what a "the world bank" is?

    Category: glossary , Asked by: P. T. From New Orleans, United States

    A: An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts. Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries. Today, the Bank functions as an international organization that attempts to fight poverty by offering developmental assistance to middle and poor-income countries. By giving loans, and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people help themselves.

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