Tag: mortgage

DefinitionA home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The...

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...

DefinitionA hammer is a tool or device that delivers a blow to an object. Most hammers are hand tools used to drive nails, fit...

What is 'Impaired Credit' A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit...

What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event,...

What is yield spread premium Yield spread premium is the difference between the interest rate a borrower pays on a loan and the interest rate...

What is 'Yellow Knight' A company that was once making a takeover attempt but ends up discussing a merger with the target...

What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and...

What is 'In-House' In-house refers to conducting an activity or operation within a company, instead of relying on outsourcing. A firm uses...

What is an implied call and how can you use it in your trading strategy An implied call is a situation in which the underlying...