COST Financial Glossary

What is it? COST is an intergovernmental framework for European Co-operation in the field of Scientific and Technical Research (http//cost.cordis.lu/src/home.cfm), allowing the co-ordination of nationally funded research on a European level. COST Actions cover basic and pre-competitive research as well as activities of public utility.

Finance Term Definition Added By: Ella

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Other Similar Finance Terms:

Financial Term Savings bond is A savings account that ties up your cash for a set period but pays a comparatively high rate of interest.

Financial Term Covariance is A measure of co-movement between two variables.

Financial Term Municipal Bond is A debt security issued by state or local governments to help finance operations or special projects, like building schools, road construction, and water and sewer projects. Muni bonds are attractive to investors, because the income they generate is usually exempt from income taxes (see Bond).

Financial Term Lease Purchase is Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy. The rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

Financial Term Deed is A legal document that transfers some interest in real estate or other property (see Lien, Satisfaction of Mortgage).