- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if rates drop more than 2% in a year.
Industry:Financial services
Return earned on an asset normalized for the amount of risk associated with that asset.
Industry:Financial services
A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis.
Industry:Financial services
To reinvest funds received from a maturing security in a new issue of the same or a similar security.
Industry:Financial services
To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices.
Industry:Financial services
The total price charged for a product sold to a customer, which includes the manufacturer's cost plus a retail markup.
Industry:Financial services
A benchmark interest rate (such as LIBOR) used to specify conditions of an interest rate swap or an interest rate agreement.
Industry:Financial services
An asset whose future normal return is known today with certainty.
Industry:Financial services
A mutual fund that invests in a specific geographic area overseas, such as Asia or Europe.
Industry:Financial services
