Tag: loan

What is 'Fairway Bond' A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains...

What is 'Federal Direct Loan Program ' A program that provides low-interest loans to postsecondary students and their parents. The William D....

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...

What is 'Farm Credit System - FCS' The Farm Credit System is a nationwide network of cooperative banks and associations that provide...

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...

DefinitionThe Federal Home Loan Bank Act, is a United States federal law passed under President Herbert Hoover in order to lower the cost of...

DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...

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...

What is 'Federal Deposit Insurance Corporation Improvement Act - FDICIA' Passed in 1991 at the height of the Savings and Loan Crisis...

Definition A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows...