Tag: loan

What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added...

By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by...

What is 'Take-Out Commitment' A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a...

What is 'Take-Out Lender' A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing,...

What is a 'Take-Out Loan' A type of long-term financing (usually) on a piece of real property. Long-term take-out loans replace interim...

What is 'Days Working Capital' Days working capital is an accounting and finance term used to describe how many days it takes...

What is 'Dealer-Median Prepayment Speed' The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used...

What is 'Dealer Option' An option issued on the physical inventory of a commodity. A dealer option is typically issued by companies...

What is 'Dealer Bank' A commercial bank authorized to buy and sell government debt securities including federal and municipal bonds. This debt...

What is 'Dealer Incentive' A corporate sales strategy in which the price a dealer has to pay a manufacturer for a particular...