Tag: loan
Teaser Loan
By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by...
Take-Out Commitment
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...
Take-Out Lender
What is 'Take-Out Lender' A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing,...
Take-Out Loan
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...
Days Working Capital
What is 'Days Working Capital' Days working capital is an accounting and finance term used to describe how many days it takes...
Dealer-Median Prepayment Speed
What is 'Dealer-Median Prepayment Speed' The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used...
Dealer Option
What is 'Dealer Option' An option issued on the physical inventory of a commodity. A dealer option is typically issued by companies...
Dealer Bank
What is 'Dealer Bank' A commercial bank authorized to buy and sell government debt securities including federal and municipal bonds. This debt...
Dealer Incentive
What is 'Dealer Incentive' A corporate sales strategy in which the price a dealer has to pay a manufacturer for a particular...
Dealer Financing
What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or...