MI Financial Glossary

What is it? (see Mortgage Insurance).

Finance Term Definition Added By: Camryn

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Other Similar Finance Terms:

Financial Term Director(ate) General is Directorate General (DG) is an administrative unit of the Commission. Currently the Commission is divided into about 30 DGs (and comparable services). Five of them are involved in the management of FP6 DG Research (RTD), DG Information Society (INFSO), DG Transport and Energy (TREN), DG Enterprise (ENTR), DG Fisheries (FISH). The Director General is thetop civil servant in charge of an individual Directorate General

Financial Term Scheduled and admitted bodies is A scheduled body is an organisation which has the right under legislation to become a member of the Local Government Pension Scheme An admitted body is an organisation which does not have the automatic right to join the Local Government Pension Scheme but can join (be admitted to) with the agreement of the administering authority. It must be non-profit-making and will normally be receiving a grant from either central or local government.

Financial Term Interestbearing current account is A bank or building society account offering a chequebook and cash card, and paying interest on the account balance.

Financial Term Tax and insurance escrow is An account required by some mortgage lenders to fund annual property tax assessments and hazard insurance premiums for the mortgaged property.

Financial Term ISTC is Information Society Technologies Committee