Tag: loan

Back Charge

What is 'Back Charge' A billing made to collect an expense incurred in a previous billing period. A back charge may be...
C-share

C-Share

What is C-Share and how does it work C-share is a type of mutual fund that allows investors to share in the unrealized gains or...

ABA Bank Index

What is 'ABA Bank Index' A banking index that is made up of community banks and banking institutions. This index was created...

Qualification Ratio

What is 'Qualification Ratio' Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine...

Vacation Home

What is 'Vacation Home' A dwelling other than the owner's primary residence that is used for recreational purposes, like vacations (hence the...

Obligation

What is an 'Obligation' An obligation in finance is the responsibility to meet the terms of a contract. If an obligation is...

Haircut

What is a 'Haircut' A haircut is the difference between prices at which a market maker can buy and sell a security....

Kaizen

DefinitionKaizen, is the Japanese word for "improvement". In business, kaizen refers to activities that continuously improve all functions and involve all employees from the...

AAA

What is 'AAA' AAA is the highest possible rating assigned to an issuer's bonds by credit rating agencies. An AAA-rated bond has...

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