Financial Regulations Financial Glossary

What is it? The Council Regulation (EC, EURATOM) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities and the Commission Regulation laying down detailed rules for the implementation of this Council Regulation.

Finance Term Definition Added By: Elijah

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Other Similar Finance Terms:

Financial Term Effective Interest Rate is The cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the mortgage note. Useful in comparing loan programs with different rates and points.

Financial Term Application Forms is Are used to enter, update and view information. You can also search for information on these forms.

Financial Term Flexible mortgage is A mortgage that allows you to borrow up to an agreed amount, so that you can increase or decrease the mortgage depending on your circumstances, or sometimes temporarily stop making payments altogether.

Financial Term STB is Short term buy

Financial Term Footnote P is To be used by mutual funds if the fund has adopted a rule 12(b)1 distribution plan under which a specific charge is made against the net assets of the fund