A waterfall payment is a plan where more entitled creditors receive both interest and principal payments while lower-ranking creditors receive only interest. Here’s how it works.

Veronica Beagle is the managing editor for Education at Forbes Advisor. She completed her master’s in English at the University of Hawai‘i at Mānoa. Before coming to Forbes Advisor she worked on ...

As an early pioneer of online education, The New School has long been at the forefront of remote learning for creative professionals. Today we carry forward this tradition with thoughtfully designed ...

Mike Cetera is the editor in chief for Forbes Marketplace U.S. Mike has written and edited articles about mortgages, savings accounts, CD rates and credit cards for more than a decade. Prior to ...