Tessa Financial Glossary

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Finance Term Definition Added By: Tyler

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Other Similar Finance Terms:

Financial Term Deferred payments is Payments to be made at some future date. See graduated payment mortgage.

Financial Term prepayment rate is A representation that reflects the rate at which prepayments are received or forecasted to be received for a mortgage loan, a pool of mortgage loans, or an MBS. May be expressed as a PSA or CPR speed.

Financial Term Net Present Value (NPV) is A projects net contribution to shareholders wealth, which is determined by the present value of a projects cash flows less initial investment.

Financial Term Escrow is A transaction in which a third party, acting as the agent for the buyer and seller, carries out instructions of both and assumes the responsibilities of handling all the paperwork and disbursement of funds.

Financial Term prospectus is A document that describes the details and financial support for a new bond or stock issue offering. A prospectus is required by the Securities and Exchange Commission.