Article 171 Financial Glossary

What is it? An article under which the Community may set up joint undertakings or any other structure necessary for the efficient execution of Community research, technological development and demonstration programs

Finance Term Definition Added By: Seth

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Other Similar Finance Terms:

Financial Term Credit Limit is The maximum amount that you can borrow under a personal line of credit or home equity line of credit plan.

Financial Term Interest Rate Cap is In most cases, the maximum rate of interest that may be charged on an adjustable rate mortgage loan over the life of the loan (see Adjustable Rate Mortgage, Fixed Rate Mortgage, Interest Rate).

Financial Term payee processing float is Time between when a payment is received and when the funds are deposited. When employees hold their paychecks over a weekend and when vendors process receipts only once a week, the payor benefits from the extra time its investments earn interest. These beneficial payee processing delays are limited to payments by check. Electronic payments (wire transfers and ACH credits) produce no processing delay at all.

Financial Term PLC Public Limited Company is The standard form of public company in the UK that qualifies for listings on the stock market. A public limited company is owned by its shareholders.

Financial Term GNMA is See Government National Mortgage Association.