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MER Financial Glossary

What is it? Medical Examiners Report - a report by a doctor on a persons health and fitness, sometimes required by insurance companies before they will insure you.

Finance Term Definition Added By: Victoria

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Other Similar Finance Terms:

Financial Term ARM is (see Adjustable Rate Mortgage)

Financial Term principal is The remaining balance owed on a loan by a borrower or on a security by its issuer, exclusive of any accrued interest.

Financial Term Personal Identification Number (PIN) is An account holder has a secret number or code to authorize a transaction or obtain information regarding his or her account. Often used in conjunction with a plastic card (ATM or Debit card), online account access or with a telephone voice response system.

Financial Term Available Balance is Remaining budget left to spend. (=adjusted budget +/-commitments+/-actuals)

Financial Term Down payment is Cash portion paid by a buyer from his/her own funds, as opposed to that portion of the purchase price which is financed.