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In Testate Financial Glossary

What is it? To die without a will.

Finance Term Definition Added By: Allison

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Financial Term Basis Point is One hundredth of One percent (.01%).

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Financial Term Truth in Lending Disclosure Statement is This document will show you the annual percentage rate (APR) and other payment information for the loan you have applied for. The APR takes into account not only the interest rate but also the points and fees.

Financial Term Sector is This refers to how funds are grouped. For example, a fund may be grouped by the country it invests in, or the industry it invests in, or the type of fund it is.

Financial Term Bill is Debt that has less than 1-year maturity at time of issue.