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NoE Financial Glossary

What is it? See Network of Excellence

Finance Term Definition Added By: Mackenzie

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Other Similar Finance Terms:

Financial Term Federal Home Loan Bank is A Federally chartered, privately owned company charged with regulating the S&L industry.

Financial Term Pensions Credit is To be introduced in October 2003, this replaces the Minimum Income guarantee. This will provide a minimum guaranteed level of income, but also rewards people with modest sums set aside for retirement and private pensions.

Financial Term Option is The right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock, commodity, currency, index, or debt, at a specified price (the strike price) during a specified period of time. For stock options, the amount is usually 100 shares. Also called option contract.

Financial Term purchase money interest is A security interest in a debtors property that is created when the creditors extension of credit to the debtor is used by the debtor to acquire the property that is used to secure the transaction.

Financial Term Horizontal Integration is When firms in the same industry merge. Also referred to as horizontal merger