Tag: loans

What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...

DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...

DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for...

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...

DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...

DefinitionA mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...

What is 'Gator' The name of a software company best known for its adware products. Adware is pop-up interest advertising and Gator...

What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...

Joint and Several Liability in Business In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...

DefinitionThe National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency "to assist...