Term of the day
Cosign
Process of signing an individual’s debt in which the cosigner will be paying back the debt should that individual default. This is one way for individuals with low income or poor/limited credit history to obtain funding.< ...
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POPULAR TERMS
Income Sensitive Repayment - ISR
Method of repayment of loans serviced by lenders under the Federal Family Education Loan Program (FFELP). It aims to make repayment easier for borr ...
Mortgage Equity Withdrawal - MEW
Removing equity from the value of a property through utilizing the loan against its market value. It trims the true value of a property by the quan ...
Due Bill
Financial instrument acting as an evidence for documenting and identifying a stock seller’s obligation to transfer a security to the buyer. I ...
Rating
A term refers to the recommendation of an analyst, whether to buy or sell, or hold a stock.
Wells Notice
Wells Notice is a letter coming from the Securities and Exchange Commission (SEC), which informs an individual or company about being investigated ...
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