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Codicil Financial Glossary

What is it? An addition or other change to an existing will.

Finance Term Definition Added By: Kylie

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Other Similar Finance Terms:

Financial Term Mortgage Valuation is This is the most basic form of survey and is the minimum required by lenders in order to ascertain the suitability of the property as security for their loan. Although the borrower will normally receive a copy of this report it should not be relied upon as a comprehensive report on the condition of the property. A more detailed report (either a Home Buyers Report or Structural Survey) should be commissioned when considering the purchase of a property.

Financial Term warehouse financing is A form of inventory financing in which goods are held in trust as collateral for the loan. Warehouse financing may involve the use of public warehouses in which the goods are held in locations owned by third parties. Alternatively, warehouse financing may involve the use of field warehouses in which the goods are located on the borrowers premises but are controlled by an independent third party.

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