S&P 500 Financial Glossary

What is it? (see Standard & Poors 500 Index)

Finance Term Definition Added By: Brody

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Other Similar Finance Terms:

Financial Term Market Price is The price a property brings in a given market. Commonly used interchangeably with market value, although not truly the same.

Financial Term Home Warranty is Offers limited protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowners insurance. Coverage extends over a specific time period and does not cover the homes structure.

Financial Term Purchase protection is A service offered by some credit-card companies that insures you against theft or accidental damage to the item you purchased, often for up to 90 days after purchase.

Financial Term Home Equity Line of Credit is A type of mortgage loan that provides the ability to access funds at any time and any amount, up to the maximum credit limit or line. Repayment is secured by a second mortgage, and is based on the equity in your home. Specified interest paid is usually tax deductible. Often used for home improvements, major purchases or expenses, and debt consolidation.

Financial Term Debt is Amount owed to another.