MaXxis Consulting

Tandem Loan

Laura — Wed, 31 Aug 2011 13:00:05 +0000

Definition:

Two loans taken out on one asset, which is usually a house; the secondary loan is normally added to a primary loan.

Takeout

Laura — Tue, 30 Aug 2011 13:00:25 +0000

Definition:

A slang term denoting the purchase of a company through an acquisition, merger or other form of buyout.

Take A Bath

Laura — Mon, 29 Aug 2011 13:00:48 +0000

Definition:

A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative position.

Usufruct

Laura — Sun, 28 Aug 2011 13:00:45 +0000

Definition:

A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else’s property (provided that it isn’t damaged).

Usury Rate

Laura — Sun, 28 Aug 2011 13:00:17 +0000

Definition:

A rate of interest that is usually considerably above current market rates.

Uptick

Laura — Sat, 27 Aug 2011 13:00:58 +0000

Definition:

A transaction occurring at a price above the previous transaction.

Usance

Laura — Fri, 26 Aug 2011 13:00:06 +0000

Definition:

The allowable period of time, permitted by custom, between the date of bill and its payment.

Unwind

Laura — Thu, 25 Aug 2011 13:00:03 +0000

Definition:

The closure of an investment position.

Unperfected Lien

Laura — Wed, 24 Aug 2011 13:00:07 +0000

Definition:

A lien for which the holder has not provided a valid claim.

Unmatched Book

Laura — Tue, 23 Aug 2011 13:00:36 +0000

Definition:

An imbalance that occurs when the maturity of a bank’s assets, such as loans, does not match the maturity of its liabilities, such as investments and interest-paying accounts, on the balance sheet.