Tag: consumer
Abstract Of Title
DefinitionA property abstract is a collection of legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to...
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Reverse Mortgage
DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...
Same-Day Substitution
What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...
Bad Credit
DefinitionBad Credit was a comedy hip hop duo based out of San Diego, California which lasted from 2002 to 2008, fronted by musicians and...
Bait And Switch
DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And...
Balance Protection
Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...
Call Protection
What is a 'Call Protection' A call protection is a protective provision of a callable security prohibiting the issuer from calling back...
CPI – Consumer Price Index
The consumer price index (CPI) is metric that denotes prices of goods and services including food items, transportation, medical care, and others used by...
Credit Cards
By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at the point...