Arbitrage is the process of taking advantage of a price difference in different markets in order to earn a low-risk profit. In the classic example, an investor buys the asset in the lower-priced market and sells it in the higher-priced market. More likely than not, the price difference is small.…
Key takeaways A backup offer is an offer that’s submitted even though the seller has already accepted an offer from another buyer. Accepting a backup offer as a seller means you have a fall-back in case the buyer in first position falls through. Making a backup offer as a buyer…
Real estate in general — and buying or selling a home in particular — is rife with jargon and slang that’s probably unfamiliar to many. Here’s a glossary of some of the most common terms, with their real estate definitions. General real estate definitions Closing costs: Homebuyers and sellers both…
Key Insights Interest rates directly affect borrowing, saving, and investing decisions. Higher rates make loans more expensive but reward savers. Mortgage payments, credit card debt, and access to credit can shift quickly. Staying informed and adjusting your strategy helps protect your financial health. American Consumer Credit Counseling (ACCC) can guide…
Trending
Spotlight This Week
More Articles
Personal Finance
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Featured Articles
Key takeaways When it comes to earning cash back on popular spending categories, such as dining and travel, the Capital One Savor Cash Rewards Credit Card and the Chase Freedom Unlimited® are both strong choices. The Capital One Savor Cash Rewards Credit Card could be…
Dept Managmnt
How First-Year Students Should Manage Credit Cards Responsibly Understanding how first-year students should manage credit cards responsibly means creating a clear system around…
Banking
When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
Credit Cards
All News
3. Take Advantage of Your Bank’s Protection Services Many banks and credit card companies offer valuable tools to help protect you. These include: Fraud monitoring: Your bank may notify you of unusual transactions. Digital card controls: You can often lock your card from your phone if it’s lost or stolen.…
We’ve all been there: You step up to the grocery store checkout counter, but when you open your wallet to pay, it’s a mess. The bills are wadded up and out of order, and you’re not sure which money you budgeted for groceries and which is supposed to be for…
Did you know that when you submit a job application online, it’s probably read and filtered by a robot before a human ever sees it? No, this isn’t Star Wars, folks—just the 21st century job market. And that “robot” is something called an applicant tracking system (ATS). There’s no way…
urbazon/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Engine failure from normal wear and tear and mechanical problems are generally not covered by car insurance, even if you have full coverage. You may have coverage for engine failure if your warranty is still active or if you purchased optional mechanical breakdown…
Key takeaways Opening and funding a brokerage account is the first step to buying stocks online. Do some research to understand the companies whose stocks you are buying. Buying stocks online is safe if you’re using a reputable broker, and it doesn’t require much money to get started. The stock…
Some people can walk right into an interview and knock it out of the park without even raising their heart rate. (Wouldn’t we all like to have that kind of confidence?) But if you’re anything like the average job seeker, interviews aren’t exactly high on your list of fun, stress-free…
LifestyleVisuals/Getty Images Key takeaways A real estate listing that’s “pending” means the seller has accepted an offer on their property, but the transaction has not yet closed. “Contingent” also means an offer has been accepted, hypothetically — but it won’t be closed until the contingencies are met. It is still…
I hear from so many people who are nervous or scared to make a career change in their 50s—even if they’re miserable at their current job. And folks, I get it. There are a lot of fears and insecurities that can creep up when you’re thinking about making a huge…
According to average rate data from Quadrant Information Services, the average cost of home insurance is $2,466 per year as of July 2025. However, your exact rate will likely be different. Home insurance is a highly personalized product, and what you pay will depend on rating factors that are personal…
When it comes to saving for retirement, there’s a lot to consider. Not only do you have to define your goals and what kind of life you want to live in retirement, but you also have to consider the types of investments to include in your retirement portfolio to help…
Editor's Pick
