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Posts Tagged ‘accrue interest’

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Ceiling

On April 16th, 2011   /   Blog, Word of the Day   /   Comments Off

Definition: The maximum interest rate permitted by state law for a given loan. A ceiling is a common feature of floating rate notes. Read more

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Cashflow

On April 2nd, 2011   /   Blog, Word of the Day   /   Comments Off

Definition: The movement of cash in and out of a business from day-to-day direct trading and other non-trading or indirect effects, such as capital expenditure, tax and dividend payments. Read more

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ARMs

On March 29th, 2011   /   Blog, Word of the Day   /   Comments Off

Definition: Adjustable Rate Mortgage. A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. Read more

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