REFUNDING
Refunding is the process of redeeming or retiring an outstanding bond issue at maturity by using the proceeds from the new debt issue. The new issue is always issued at a lower interest rate than the refunded issue, guaranteeing a significant reduction in the interest expense for the issuer.
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100% Mortgage
Mortgage loan in which the borrower receives an amount of loan which is equal to the property’s total value to be acquired. The borrower need ...
Preference Shares
These are company stocks with dividends that are paid to the shareholders before common stock dividends are paid out. In case the company goes bank ...
Subprime Borrower
Individual with poor credit rating and limited credit history. Normally, these borrowers only qualify for mortgages with higher interest rates and ...
Nasdaq Intermarket
An electronic marketplace in which the National Association of Securities Dealer (NASD) members may execute trades, communicate, and accept quotati ...
Sector ETF
Sector ETF is the investment in a certain sector’s stocks and securities by a class of exchange-traded fund. Sector ETF is commonly recognize ...
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SEE FOREX TUTORIAL
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
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