ACQ Financial Glossary

What is it? Acquire

Finance Term Definition Added By: Camryn

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Other Similar Finance Terms:

Financial Term Financial Year is Our financial year starts on 1 April and ends on 31 March.

Financial Term Closing Costs is Any fees paid by the borrowers or sellers during the closing of the mortgage loan. This normally includes an origination fee, discount points, attorneys fees, title insurance, survey, filing fees and any items which must be prepaid, such as taxes and insurance escrow payments.

Financial Term FP is Framework Program (EU - Fourth FP is FP4 etc.)

Financial Term PEPs is Personal Equity Plans. These offered the private investor the most tax efficient way of investing in stock market related plans, but ended on 5 April 1999 to be replaced by ISAs. Any balance held in these plans still attracts the same tax benefits, being free of any income tax or capital gains tax liability.

Financial Term Underwriting is The process of verifying data and approving a loan.