- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon.
Industry:Financial services
A pool of fixed income securities backed by a package of assets (i.e., mortgages) where the holder receives the principal and interest payments. Related: Mortgage pass-through security
Industry:Financial services
Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs.
Industry:Financial services
Income or loss from business activities in which a person does not materially participate, such as a limited partnership.
Industry:Financial services
An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.
Industry:Financial services
A loss incurred in participating in passive investing.
Industry:Financial services
The amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor. For example, if the opportunity cost of funds is 10%, the present value of $100 to be received in one year is $100 x [1/(1 + 0.10)] = $91.
Industry:Financial services
An analytical tool that establishes a base NPV for a project that can then be adjusted for the incremental NPV effect of separate elements of the project's overall potential sales.
Industry:Financial services
