Standard Card Financial Glossary

What is it? The basic credit card offered by issuers

Finance Term Definition Added By: Charlie

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Other Similar Finance Terms:

Financial Term Income Stock is Common stock that pays dividends at a higher-than-average rate, resulting in a higher yield for stockholders. Income stock frequently in preferred by investors who seek current income in addition to growth.

Financial Term Loan Fraud is Purposely giving incorrect information on a loan application in order to better qualify for a loan; may result in civil liability or criminal penalties.

Financial Term Effective Interest Rate is The cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the mortgage note. Useful in comparing loan programs with different rates and points.

Financial Term deleveraged bonds is Bonds that pay interest to investors according to a formula based on a fraction of the increase or decrease in a specified index. De-leveraged bonds are a type of structured note.

Financial Term E C B is European Central Bank