- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive, rather than a traditional salesperson.
Industry:Financial services
A type of stepped-payment loan in which the borrower's payments are initially lower than those on a comparable level-rate mortgage. The payments gradually increase over a predetermined period (usually 3, 5, or 7 years), and then are fixed at a level-pay schedule, which will be higher than the level-pay amortization of a level-pay mortgage originated at the same time. The difference between what the borrower actually pays and the amount required to fully amortize the mortgage is added to the unpaid principal balance.
Industry:Financial services
The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice.
Industry:Financial services
An air waybill issued by an air freight consolidator.
Industry:Financial services
A security that has moved from listing on an exchange of less prominence to one of more prominence.
Industry:Financial services
The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.
Industry:Financial services
Notification by a brokerage house that a customer's margin account is below the minimum maintenance level. The client must provide more cash or equity, or the account will be liquidated.
Industry:Financial services
An investment strategy based on security analysis and identification. Investors buy stocks with undervalued assets speculating that these assets will appreciate to their true value.
Industry:Financial services
A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. The income from the trust goes to the children of person A while they survive.
Industry:Financial services
An investment banking firm whose business it is to underwrite stock or bond issues and offer the securities to the public.
Industry:Financial services
