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In personal finance, what is a fee paid upfront to reduce a mortgage interest rate called?
Answer
Discount point
In personal finance, what is the ratio of monthly debt payments to gross monthly income called?
Answer
Debt-to-income ratio
In investing, what is a market decline of at least 20% from a recent peak called?
Answer
Bear market
In U.S. personal finance, what is the standard deduction a taxpayer may subtract from income before federal income tax?
Answer
Standard deduction
In personal finance, what professional duty requires an adviser to put a client’s interests first?
Answer
Fiduciary duty
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Latest trivia questions
In personal finance, what is the ratio of monthly debt payments to gross monthly income called?
Answer
Debt-to-income ratio
In personal finance, what asset pledged to secure a loan is called what?
Answer
Collateral
What type of bathroom product did Squatty Potty present on Shark Tank?
Answer
Toilet stool
Which Shark Tank investor founded the investment firm O'Leary Ventures?
Answer
Kevin O'Leary