Unseasoned Financial Glossary
What is it? A lease or note that has had few, if any, payments made.Finance Term Definition Added By: Sophie
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Other Similar Finance Terms:
Financial Term over the counter (OTC) is Purchases and sales of financial instruments that do not take place in organized exchanges such as the New York Stock Exchange or the Chicago Board of Trade are termed over the counter. The phrase may be used as a noun to describe capital markets other than organized exchanges. The phrase may also be used as an adjective to describe instruments not traded on an organized exchange, such as over-the-counter derivatives.Financial Term Buytolet is This is when you buy a property to rent it out rather than live in.
Financial Term Equity Release is A type of remortgage where you already own your home outright, and use the value of your home as security to borrow money.
Financial Term Accruing Interest (on a loan) is The cost of the loan, represented by the interest rate, is adding up prior to the repayment period or prior to a payment installment.
Financial Term Satisfaction of Mortgage is A recorded document issued by a lender verifying full repayment of a mortgage loan (see Reconveyance).