Category: Finance Dictionary

Refinancing for more money that the mortgaged amount. Done to get money out for other purposes. Based on many points: home value, mortgage value, income of the mortgagee, credit rating of the

Marketing strategy for managing a full line of products instead of the individual products or brands. Managing occurs as a strategic business unit (SBU). The concept’s basis is that the entire product

The main processor semiconductor chip in a desktop computer. It performs most of the calculation and control functions. It consists of a circuit board in a minicomputer. In a mainframe, it is

Document as a statement of evidence that the noted work has been completed, was verified by an architect, engineer, or owner of a construction project, and is approved for payment by the

An official instrument hat represents a bond or share.

Change to a longer or shorter financial reporting period or a change to a different date for closing of accounts. It generally requires prior approval of taxation authorities.

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically

Organization for emergency response specifically for chemical situations, contracted to provide chemical hazard related information on a 24-hour basis, organized by the collective of US chemical shippers and contractors.

A method of compensating a parent needing monies for raising and sheltering a child by another who has the means to manage the expenses associated with child support. A court of law

Failure occurring rather often in a system that takes just a little time to correct. Chronic failures are typically low-impact and seemingly low-cost events. However, over the life of the system, these

Financial expenses for the developing, maintaining and increasing circulation of a periodical. Associated financial expense for the circulation of a periodical activities of creating, maintaining and increasing sales.

A rating typically given to property that generate a lower-than-average rent per square foot. These properties are physically acceptable but have few amenities.

Grouped small messages. Put under a specific headings and classifications. Such groupings are automobiles, employment, real estate, seen in a separate section of a newspaper or magazine. These relatively small and cheap

Securities market term. A price of a bond that excludes the interest accrued on the bond. Price et al is quoted and documented. However, a buyer must pay the quoted price plus

In the United Kingdom, a large retail or wholesale commercial BANK. See also HIGH STREET BANK.

Designed by the US government, it is a stealth chip. Proposed by the US government to be installed in all data communication devices as a national security measure. How this chip works

Production system using the waste or byproduct of one procedure or product to make another product. Example: newspapers are recycled into paperboard or other types of paper.

A transaction with extended credit for a specific amount over a specific period available only once . The money credited must be fully repaid within that period. An example is a car

In futures trading, this is a purchase used to close out a position.