WI Financial Glossary

What is it? When-issued.

Finance Term Definition Added By: Landon

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Other Similar Finance Terms:

Financial Term payablethroughdraft (PTD) is A form of check that is written on an organization other than a bank but is payable through banks. Credit union checks are actually PTDs. PTDs are recognized as disbursements after they clear, not when they are written. A PTD functions the same as a warrant.

Financial Term Grant for integration is For Networks of Excellence, the Community financial contribution shall take the form of a fixed grant for integration to attain the objective of the joint programme of activities. The amount of the grant is calculated taking into account the degree of integration, the number of researchers that all participants intend to integrate, the characteristics of the field of research concerned and the joint programme of activities. This contribution is to be used to complement the resources deployed by the participants in order to carry out the joint programme of activities.

Financial Term Loan is When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money, along with interest, at a predetermined date in the future.

Financial Term Leasing is A method of renting the use of vehicles, machinery and equipment. The items do not belong to us, but are the property of the leasing company to whom we pay rentals.

Financial Term Interest is The amount a borrower pays for the use of a lenders funds, generally a percentage of the amount borrowed. It is usually expressed as an annual percentage rate (APR).