Need Financial Glossary
What is it? See Financial Need.Finance Term Definition Added By: Seth
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Other Similar Finance Terms:
Financial Term Credit (or Credit Hour) is The unit of measurement some institutions give for fulfilling course requirements.Financial Term Buydown is A payment to the lender from the seller, buyer, third party, or some combination of these, causing the lender to reduce the interest rate during the early years of a loan. The buydown is usually for the first 1 to 5 years of the loan.
Financial Term out of the money is The situation where an option has only time value as opposed to intrinsic value because of the relationship between the options strike price and the current market price for the underlying instrument, the spot price. A call option is out of the money when the strike price is above the spot price. A put option is out of the money when the strike price is below the spot price.
Financial Term Blue Chip is The largest UK-registered companies traded on the Stock Exchange. The constituents of the FTSE 100 Index of largest UK-registered companies. The most highly valued and reputable UK-registered companies on the Stock Exchange.
Financial Term Collateral is Something of value (land, a home, a car, etc.) that is pledged as security to ensure the payment of a debt. Collateral is promised to a lender until a loan is repaid. If the borrower defaults, the lender has the right, by law, to seize the collateral.