Tag: loans
Unsecured Loan
DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...
Unbanked
DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for...
U.S. League Of Savings Institutions
What is 'U.S. League Of Savings Institutions' A now-defunct nationwide organization of savings institutions. The U.S. League of Savings Institutions was created...
Underlying Asset
What is an 'Underlying Asset'
An underlying asset is the security or commodity underlying a Derivative. The most common type of derivative is a futures...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Home Mortgage
DefinitionA mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...
Gator
What is 'Gator' The name of a software company best known for its adware products. Adware is pop-up interest advertising and Gator...
Credit Card
DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...
Early Amortization
What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...