ADJUSTMENT INTERVAL
The time period between changes of interest rates to an adjustable rate mortgage (ARM). There are two adjustment intervals that are often found on ARMs. The first interval is usually longer (typically 10,7,5, or 3 years) during which exists a fixed payment and interest rate. Subsequent to the rate interval is the periodic adjustment to the interest rate ( generally every 6 months or 1 year) all throughout the rest of the loan.
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Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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