Tag: loan
Variable Interest Rate
What is a 'Variable Interest Rate' A variable interest rate is an interest rate on a loan or security that fluctuates over...
Federal Credit Union (FCU)
What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal...
Fairway Bond
What is 'Fairway Bond' A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains...
Federal Direct Student Loan Program (FDSLP)
What is 'Federal Direct Loan Program ' A program that provides low-interest loans to postsecondary students and their parents. The William D....
Variation Margin
How to Calculate Variation and Maintenance Margin
In futures trading, you must provide variation margin to your broker if you want to continue trading. If...
Farm Credit System (FCS)
What is 'Farm Credit System - FCS' The Farm Credit System is a nationwide network of cooperative banks and associations that provide...
Farmer Mac – Federal Agricultural Mortgage Corporation – (FAMC)
DefinitionThe Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal...
Federal Home Loan Bank Act
DefinitionThe Federal Home Loan Bank Act, is a United States federal law passed under President Herbert Hoover in order to lower the cost of...
Foreclosure
DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...
Federal Home Loan Bank System (FHLB)
What is the Federal Home Loan Bank System (FHLB)?
The Federal Home Loan Bank System is a network of 12 regional banks that provide financial...