Common Stock Financial Glossary
What is it? Stock represents partial ownership of a public corporation. A share of common stock typically carries voting rights and may pay dividends (see Bond).Finance Term Definition Added By: Destiny
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Other Similar Finance Terms:
Financial Term Secondary Financing is A loan secured by a mortgage or trust deed, which line is junior (secondary) to another mortgage or trust deed.Financial Term Mortgage Insurance (MI, PMI) is Insurance written by an insurance company that is designed to protect the mortgage lender against a potential loan default. It is usually required for loans with a loan-to-value (LTV) ratio greater than 80% (see Loan-to-Value Ratio).
Financial Term Retention is This relates to monies withheld by lenders until certain mortgage conditions are met. This will normally relate to repairs or improvements to the property that the lender is insisting on.
Financial Term Earnest Money is A deposit paid up front as part of a purchase price, to demonstrate good faith on the part of the buyer.
Financial Term Variable interest rate is An amount of compensation to a lender rate that is allowed to vary over the maturity of a loan. The amount of variation is generally governed by an index.