DEFH Financial Glossary
What is it? Defensive holdFinance Term Definition Added By: Isabelle
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Other Similar Finance Terms:
Financial Term Credit Report is A report to a prospective lender on the credit standing of a prospective borrower, used to help determine credit worthiness. Several national and local companies make such reports.Financial Term Refinancing is Securing a new loan to pay off an existing one, or to gain access to the existing equity in a home.
Financial Term dollar roll is A short-term funding technique used for mortgage pass-through securities. A seller of a roll agrees to sell a mortgage security at an agreed-upon price on a specified date and to buy back a similar security at a specified future date. The seller receives the use of the funds for the specified time period but does not receive the monthly cash flows from the mortgage security during the roll period. The buyer or counterparty agrees to buy the mortgage security at an agreed-upon price and to sell back a similar security at a specified future date. The buyer is the owner of the security for that time period and as the owner is entitled to all of the cash flows during that period. Unlike a repo/reverse repo transaction, at the end of the transaction time period, the buyer is only required to resell a substantially similar security to the seller.
Financial Term Unearned Income is Income derived from investments and other sources not related to employment.
Financial Term Capital spending charged to revenue is Paying for capital spending direct from the councils revenue monies.