Lease Financial Glossary

What is it? A contract by which the owner of property (which can be a building, a car, an item of machinery, etc) allows another person to use it, in return for rent being paid

Finance Term Definition Added By: Ashley

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Other Similar Finance Terms:

Financial Term warehouse lines of credit is An informal name used by some bankers for lines of credit used to finance a borrowers temporary ownership of long-term assets such as mortgages.

Financial Term Chattel mortgage is A pledge of personal property as security for a debt. Also called a security interest or financing statement. For this survey, not a mortgage.

Financial Term Reserve is An amount a funding source holds in its account to cover potential payment defaults. After a certain time period has passed, the funding source rebates the reserve to the client less any fees or charges for delinquency. Also called a bad debt reserve.

Financial Term Margin is An amount, usually a percentage, which is added to the index to determine the interest rate for adjustable rate mortgages at each adjustment period. For example, if the index is at 5.0, and the margin is 1.5, the interest rate is 6.5% (see Interest Rate, Index).

Financial Term Change is This shows the change in price of a security from the previous days closing price. For instance, -1 means the security has fallen $1.00.