ORIGINATION FEE
This charge is imposed by a lender on a borrower to cover costs incurred during the mortgage application.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
This charge is imposed by a lender on a borrower to cover costs incurred during the mortgage application.
Non-NASDAQ / OTC followed securities that don?t observe normal trade regulations.
The storage, transport and distribution of goods to customers.
The means by which a company helps recently laid off employees find alternative employment. Typically involves the commission of an outside agency, paid for by the company doing the laying off.
Health insurance issued to a person over 65 years old (the usual limit).
1. A resource that is used up during a process, that is not part of the finished product. 2. Accounting: An expenditure or cost that (1) is related to either a specific
These are the interest rates charged by one bank to another for providing funds overnight.
Hours that are worked in addition to an employee?s usual working hours (depending on company rules, contracts, union agreements and the law).
The income that is derived from a security.It is stated as a percentage of its purchase price.
Rejection by a drawee due to a failure to honor the instrument of negotiation (a bill of exchange)
Income that is received from passive sources such as the appreciation of a real estate property and as such they fall under the tax related category of income.
Also referred to as defect, it occurs when specific requirements are not fulfilled
The failure to deliver goods or legal instruments in compliance with the law or custom
Workers who are not exempt from a rule or policy. With respect to wage and hour laws, employees who are nonexempt are to follow workplace regulations and are eligible for overtime pay
Monetary gain for financial institutions through charges on investment transactions.
Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.
Time that is not spent on the execution of a task or on manufacturing operations.
Refuseal by the insurer or the insured to renew the coverage on an insurance plan. Usually done on the policy’s expiration date or its anniversary.
A ticket that prohibits the transfer of tickets between two passengers.
The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a