Equal Credit Opportunity Act Financial Glossary
What is it? A federal law that prohibits discrimination by lending institutions when extending credit.Finance Term Definition Added By: Daniel
The Equal Credit Opportunity Act definition has been viewed 753 Time(s)!
Send To Friends!
If you'd like to send the Equal Credit Opportunity Act definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Equal Credit Opportunity Act. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term NoE is See Network of ExcellenceFinancial Term Equity dividends paid is The effect on cash ofdividends paid during the financial year.
Financial Term Private Label Charge Cards is A private label charge card is issued by a retail outlet, such as a department store or gasoline company, and contains the logo of the retailer. It is accepted only by the retailer who issued it.
Financial Term Money Market Mutual Fund is An open-end mutual fund which invests only in money markets. These funds invest in short term (one day to one year) debt obligations such as Treasury bills, certificates of deposit, and commercial paper. The main goal is the preservation of principal, accompanied by modest dividends. The funds net asset value remains a constant $1 per share to simplify accounting, but the interest rate does fluctuate. Money market funds are very liquid investments, and therefore are often used by financial institutions to store money that is not currently invested.
Financial Term Best offer is The best market makers price to sell a security or instrument