Tag: consumer
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...
Partial Release
What is 'Partial Release' A mortgage provision allowing some of the pledged collateral to be released from the mortgage contract if certain...
Pass-Through Rate
What is the 'Pass-Through Rate' The pass-through rate is the rate on a securitized asset pool -- such as a mortgage-backed security...
Qualified Electric Vehicle
What is 'Qualified Electric Vehicle' An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle...
Quarterly Services Survey
Quarterly Services Survey What is 'Quarterly Services Survey ' A survey produced quarterly by the Census Bureau that provides estimates of...
VantageScore
DefinitionVantageScore is a consumer credit-scoring model, created through a joint venture of the three major credit bureaus. The model is managed and maintained by...
Variable Coupon Renewable Note (VCR)
Variable Coupon Renewable Note (VCR) What is 'Variable Coupon Renewable Note - VCR' A renewable fixed income security with variable coupon rates...
Vanishing Premium
Vanishing Premium What is 'Vanishing Premium ' A type of periodic fee, paid in exchange for an insurance policy, that eventually...
Vega
What is 'Vega' Vega is the measurement of an option's sensitivity to changes in the volatility of the underlying asset. Vega represents...
Vega Neutral
What is 'Vega Neutral' A method of managing risk in options trading by establishing a hedge against the implied volatility of the...