Cooperative Education Financial Glossary

What is it? A program through which a college student alternates periods of classroom instruction with periods of related employment.

Finance Term Definition Added By: Drew

Send To Friends!

If you'd like to send the Cooperative Education definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Cooperative Education. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term discount rate is (1) The percentage rate applied to the redemption value of a security in order to calculate a reduced value for a purchaser. Some (or all in the case of zero coupon securities) of the investors return comes from the resulting price discount. (2) The rate of return for short-term securities for which the investors entire compensation comes from the discount amount. (3) The rate of interest charged by the Federal Reserve Banks for advances.(4) An interest rate applied to a single cash flow that will not be paid or received until a future time in order to calculate the present value of that future cash flow.(5) An interest rate or a series of interest rates applied to every one of the future cash flows of interest and principal expected from a financial instrument in order to create a single value for that instrument. This single value is equivalent to the sum of the present values for each of the separate cash flows expected from the instrument. When prevailing market rates are used as the discount rate, this technique produces a fair market value that is used as a proxy for market value when the market value of a financial instrument is not readily available.

Financial Term Unsecured Loan is A loan based on your promise to pay without savings or other collateral as a guarantee; sometimes called a signature loan.

Financial Term Closing is The final step in the purchase of property, during which the buyer and seller sign the sale agreement. The buyer signs the loan agreement and pays the cost of closing. May include title search, points, transfer taxes and various other fees.

Financial Term deed in lieu of foreclosure is A deed executed by the mortgagor that transfers ownership in real estate to a lien creditor. This instrument is used when the debtor is unable or unwilling to pay and wishes to avoid foreclosure.

Financial Term originalissue discount (OID) is The amount of the difference between the par or redemption price and the price of the security at the time of its original issue. Issuers can issue securities with OID as an alternative to making periodic interest payments as a means of compensating investors. Zero coupon notes, strips, discount notes, and bankers acceptances are examples of investment types with OID. For those instruments, the return provided to the investor comes in the form of a discount. OID should not be confused with the discounts that investors may pay for either coupon-bearing instruments or discount instruments resulting from a change in prevailing rates subsequent to the issuance of a security. OID is subject to different income tax treatment than discounts resulting from changes in market prices.