Further Advance Financial Glossary

What is it? When you borrow more money against your property by increasing the size of your mortgage.

Finance Term Definition Added By: Alexa

Send To Friends!

If you'd like to send the Further Advance 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 Further Advance. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Free Cash Flow Value is The value of a firm based on the cash flow available for distributing to any of the providers of long-term capital to the firm. The free cash flows equal operating cash flow less any incremental investments made to support a firms future growth.

Financial Term Employee Retirement Income Security Act of 1974 (ERISA) is Legislation mandating standards for vesting requirements and funding of pension plans.

Financial Term evaluation is The act or process of estimating the market value of real estate when a transaction secured by real estate falls within one or more of the exemptions set forth to the requirements for obtaining a full appraisal. If a transaction falls under one of three exemptions, an evaluation is required. If the transaction is exempted under one or more exemptions not including one of the three that require an evaluation, an evaluation may still conducted if the lender considers it prudent. An evaluation may be conducted by independent bank personnel or by an appraiser. When an appraiser conducts such an estimate of value, it is called a limited appraisal and must meet requirements for limited appraisals.

Financial Term discount rate is (1) The percentage rate applied to the redemption value of a security in order to calculate a reduced value for a purchaser. Some (or all in the case of zero coupon securities) of the investors return comes from the resulting price discount. (2) The rate of return for short-term securities for which the investors entire compensation comes from the discount amount. (3) The rate of interest charged by the Federal Reserve Banks for advances.(4) An interest rate applied to a single cash flow that will not be paid or received until a future time in order to calculate the present value of that future cash flow.(5) An interest rate or a series of interest rates applied to every one of the future cash flows of interest and principal expected from a financial instrument in order to create a single value for that instrument. This single value is equivalent to the sum of the present values for each of the separate cash flows expected from the instrument. When prevailing market rates are used as the discount rate, this technique produces a fair market value that is used as a proxy for market value when the market value of a financial instrument is not readily available.

Financial Term Listing Agent is A real estate agent obtaining a listing, as opposed to the selling agent.