- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A security based solely on the interest payments from a pool of mortgages, Treasury bonds, or other bonds. Once the principal on the mortgages or bonds has been repaid, interest payments stop, and the value of the IO falls to zero.
Industry:Financial services
A long-term rental agreement, and a form of secured long-term debt.
Industry:Financial services
Contractual debt payments based on the coupon rate of interest and the principal amount.
Industry:Financial services
The legal fees and other expenses incurred when acquiring a lease.
Industry:Financial services
A single payment that represents an employee's interest in a qualified retirement plan. The payment must be prompted by retirement (or other separation from service), death, disability, or attainment of age 59-1/2, and must be made within a single tax year to avoid the federal government's 10% penalty tax.
Industry:Financial services
The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.
Industry:Financial services
An agreement whereby one party, for an up-front premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate).
Industry:Financial services
A transaction that involves the sale of some property, and an agreement by the seller to lease the property back from the buyer after the sale.
Industry:Financial services
