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| This dictionary contains: 24549 financial terms |
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Reduction option loan (ROL)
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Reduction option loan (ROL)A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL matches the borrower to 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.
RELATED TERMS--------------------------------------
Hybrid
A company limited by guarantee and which also has a share capital.
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
Term
The period of time during which a contract is in force.
Drop
Refers to over-the-counter trading. Remove from OTC trading list; hence, no longer making a market in a security.
SIMILAR TERMS--------------------------------------
Reducing balance method of depreciation
Writes off the same percentage (but consequently a smaller amount) of an asset's value each year.
Redundancy
The state of no longer being needed by an employer.
PREVIOUS AND NEXT TERMS--------------------------------------
Redemption or call
Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The objective usually is to force holders to convert into common prior to the redemption deadline.
Redemption yield or maturity yield
The amount of income received from a fixed interest security, including interest and its repayment value, expressed as a percentage of its current market price.
Redenomination
The process of changing the currency value on a financial security.
Rediscount
To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.
Reducing balance method of depreciation
Writes off the same percentage (but consequently a smaller amount) of an asset's value each year.
Reduction option loan (ROL)
Redundancy
The state of no longer being needed by an employer.
Reference rate
A benchmark interest rate (such as LIBOR) used to specify conditions of an interest rate swap or an interest rate agreement.
Refinancing
An extension and-or increase in amount of existing debt.
Reflation
Government policy designed to increase economic activity, by increasing the money supply, or reducing taxation or interest rates.
Refund
Money given back, usually because goods are defective.
RELATED TERMS--------------------------------------
Hybrid
A company limited by guarantee and which also has a share capital.
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
Term
The period of time during which a contract is in force.
Drop
Refers to over-the-counter trading. Remove from OTC trading list; hence, no longer making a market in a security.
SIMILAR TERMS--------------------------------------
Reducing balance method of depreciation
Writes off the same percentage (but consequently a smaller amount) of an asset's value each year.
Redundancy
The state of no longer being needed by an employer.
PREVIOUS AND NEXT TERMS--------------------------------------
Redemption or call
Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The objective usually is to force holders to convert into common prior to the redemption deadline.
Redemption yield or maturity yield
The amount of income received from a fixed interest security, including interest and its repayment value, expressed as a percentage of its current market price.
Redenomination
The process of changing the currency value on a financial security.
Rediscount
To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.
Reducing balance method of depreciation
Writes off the same percentage (but consequently a smaller amount) of an asset's value each year.
Reduction option loan (ROL)
Redundancy
The state of no longer being needed by an employer.
Reference rate
A benchmark interest rate (such as LIBOR) used to specify conditions of an interest rate swap or an interest rate agreement.
Refinancing
An extension and-or increase in amount of existing debt.
Reflation
Government policy designed to increase economic activity, by increasing the money supply, or reducing taxation or interest rates.
Refund
Money given back, usually because goods are defective.
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This dictionary contains 24549 terms.
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