Insurance Financial Glossary
What is it? See property insurance; private mortgage insurance; insured mortgage; title insurance.Finance Term Definition Added By: Luke
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Other Similar Finance Terms:
Financial Term PAC tranche is Planned amortization class tranche. A REMIC security created to receive selected cash flows from a pool of underlying mortgages securing the REMIC. PAC tranches use a structure similar to a sinking fund to establish a fixed principal payment schedule. Created together with a companion or support tranche.Financial Term Home insurance is Insurance to cover your home. There are usually 2 types of cover property insurance, to cover the value of your building (the bricks and mortar) and contents insurance, to cover the value of the things you have in your home (furniture, TV, clothes, etc).
Financial Term Floatation Cost is The underwriters revenue associated with assisting a firm in issuing and marketing new securities.
Financial Term Bad Credit is A rating you receive when you default on loan obligations. A bad credit rating can affect your chances of being approved for future loans.
Financial Term Rider is An amendment to an insurance policy that modifies the policy by expanding or restricting its benefits or excluding certain conditions from coverage.