Social Security
Social Security Administration is a government agency which is independent from all branches of the government. Floor: Floor or interest floor is the minimum annual percentage rate that is set by the card issuer to be charged on variable credit cards. Although the SSI and SSDI programs are different in many ways, they are both administered by the Social Security Administration and only applicants who meet medical criteria may qualify for benefits under either program.
Amortization: It is the process where a loan or debt, along with the interest charged, is paid off by regular installment payments over a stipulated time period. Here you could take reduced benefits as early as age 60 (instead of 62). This sometimes can insure that your case does not get lost among the thousands of other benefits claims.
Rate cap: It is the maximum amount to which interest rate on an adjustable rate mortgage … Read More...