What Is Total Finance Charge? A finance charge is the total amount of money a consumer pays for borrowing money. This can include credit on a car loan, a credit card, or a mortgage. Common finance charges include interest rates, origination fees, service fees, late fees, and so on. The total finance charge is typically
What Is Total Permanent Disability? Total permanent disability (TPD) is a condition in which an individual is no longer able to work due to injuries. Total permanent disability, also called permanent total disability, applies to cases in which the individual may never be able to work again. Key Takeaways Total permanent disability (TPD) is a
What Is Total Quality Management (TQM)? Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training. Total quality management aims to hold all parties involved in the production process accountable
What Is Total Return? Total return, when measuring performance, is the actual rate of return of an investment or a pool of investments over a given evaluation period. Total return includes interest, capital gains, dividends, and distributions realized over a period. Total return accounts for two categories of return: income including interest paid by fixed-income
What Is a Total Return Swap? A total return swap is a swap agreement in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of an underlying asset, which includes both the income it generates and any capital gains. In total
What Is Total Tax? Total tax, in the context of personal income tax, is the composite total of all taxes owed by a taxpayer for the year. Key Takeways Total tax makes up all the taxes you owe over a year.Based on your income, total tax amounts are laid out in seven tax brackets from
What Is Total Utility? Total utility is the aggregate amount of satisfaction or fulfillment that a consumer receives through the consumption of a specific good or service. Total utility is often compared to marginal utility, which is the satisfaction a consumer receives from consuming one additional unit of a good or service. Total utility helps
What Are Toxic Assets? Toxic assets are investments that are difficult or impossible to sell at any price because the demand for them has collapsed. There are no willing buyers for toxic assets because they are widely perceived as a guaranteed way to lose money. The term toxic asset was coined during the financial crisis of 2008 to
What Is Toxic Debt? Toxic debt refers to loans and other types of debt that have a low chance of being repaid with interest. Toxic debt is toxic to the person or institution that lent the money and should be receiving the payments with interest. Toxic debt generally exhibits one of the following criteria: Default rates
What Is T+1 (T+2, T+3)? T+1 (T+2, T+3) are abbreviations that refer to the settlement date of security transactions. The “T” stands for transaction date, which is the day the transaction takes place. The numbers 1, 2, or 3 denote how many days after the transaction date the settlement—or the transfer of money and security
