Tag: terms
Key Money
DefinitionKey money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world....
Early Amortization
What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...
Junk Bond
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating...
Joint Tenancy
DefinitionA concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than...
January Effect
What is the January Effect and does it exist
The January effect is a theory that posits that stock prices tend to rise at the...
Johannesburg Interbank Agreed Rate (JIBAR)
What is 'Johannesburg Interbank Agreed Rate - JIBAR' The money market rate that is used by South Africa. The rate comes in...
Targeted Amortization Class (TAC)
What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...
Unbiased Predictor
What is 'Unbiased Predictor' The notion that the current market price of a physical commodity (its cash price or currency) will be...
Imputed Interest
What is an 'Imputed Interest' Imputed interest is used by the Internal Revenue Service (IRS) as a means of collecting tax revenues...
Earnings Credit Rate (ECR)
Earnings Credit Rate (ECR) What is 'Earnings Credit Rate - ECR' A daily calculation of interest paid on idle funds that reduce...