Tag: loan

What is a qualified appraisal and why do you need one When you're buying or selling a home, it's important to have a qualified appraisal....

What is a Qualified Mortgage Insurance Premium A qualified mortgage insurance premium (MIP) is a type of mortgage insurance that homebuyers are required to purchase...

What is 'Variable Death Benefit' The amount paid to a decedent's beneficiary that is dependent on the performance of an investment account...

DefinitionA variable-rate mortgage, adjustable-rate mortgage, or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an...

Definition Vendor finance is a form of lending in which a company lends money to be used by the borrower to buy the vendor's products...

DefinitionIn a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock...

What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...

What is a Variable-Rate Certificate of Deposit (VRCD)? A variable-rate certificate of deposit (VRCD) is a type of investment account that offers a variable interest...

What is a 'Variable Interest Rate' A variable interest rate is an interest rate on a loan or security that fluctuates over...

What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal...