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Share Club Financial Glossary

What is it? A group of people who pool money to buy shares.

Finance Term Definition Added By: Maggie

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Other Similar Finance Terms:

Financial Term Subsidiary is A company owned or controlled by another company. Pacific Trust Bank is a subsidiary of First PacTrust Bancorp, Inc.

Financial Term Illustration is An estimation of the returns you might get from an investment, based on specified growth rates and taking into account any extra charges or fees which you might have to pay.

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Financial Term Adjustable Rate Mortgage is Mortgage in which the rate of interest is adjusted based on a standard rate index. Most Adjustable Rate Mortgages have caps on how much the interest rate may increase.

Financial Term Completion is When the sale and purchase of the property is finalised, and you become the owner of the house or flat.