Products Financial Glossary
What is it? Property that is created from other property.Finance Term Definition Added By: Cameron
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Financial Term offtherun is A term used to describe all but the most recently issued treasury or agency securities in a particular maturity class. For example, at any given time, there may be a number of U.S. Treasury security issues with remaining lives of about two years. The most recently issued two year securities are described as on-the-run. All the rest are described as off-the-run. Off the run securities trade at wider spreads than similar securities that are actively quoted or traded. They may also trade at slightly lower prices(higher yields).Financial Term Premium is An amount paid on a regular schedule by a policyholder that maintains insurance coverage.
Financial Term Mortgage Loan is A loan which utilizes real estate as security or collateral to provide for repayment should you default on the terms of your loan. The mortgage or Deed of Trust is your agreement to pledge your home or other real estate as security.
Financial Term TruthInLending Act is A federal law requiring a disclosure of credit terms using a standard format (also known as Regulation Z). This is intended to facilitate comparisons between the lending terms of different financial institutions.
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