Posted on: 21st May, 2012 02:04 am
terms for c
- callable debt
it is a debt security which gives right to the issuer of the debt to retain the security of the debt at a particular price on or after a particular date... - cancellation clause
it is a provision in a lease or contract that gives the right to two parties to terminate the contract under certain circumstances... - capital expenditures
it is an expense made in order to aquire the long term assets such as property or machines or improve upon them... - capped rate mortgage
it is a type of mortgage on which the interest rate is guaranteed not to go beyond a certain limit, that is, the loan has a cap set for a period of 1 - 5 years. this makes it easier for the borrower to have a control over his monthly budget... - cash back mortgage
it is a kind of mortgage where the borrower is paid back a fixed amount of money upon the completion of the loan term... - cash out refinance
it is the process of refinancing with a loan amount greater than the existing loan balance. the borrower can use the additional money as per his needs... - certificate of deposit
it is a type of deposit issued by a bank which in turn is invested in bonds or securities. it bears a comparatively higher interest rate and has a specific maturity date before which the depositor is not allowed to withdraw the amount... - certificate of deposit index
it is an index that helps to determine the changes in the interest rates of certain arms. it is calculated on the basis of interest rates on 6 months of certificate of deposit... - certificate of eligibility
it is the document issued by the u.s department of veteran affairs which certifies that a borrower is eligible for a va guaranteed home loan... - certificate of title
it is a certificate provided by a title company or an attorney giving confirmation of the title to the current owner of a property. it also ensures that no one else has any legal claim to the property before the title is transferred to the current owner... - certificate of reasonable value
it is a va certified document which determines that the current value of the property is fixed based upon the appraisal... - chain of title
it is a list of records that shows the history of the title transfer from the current owner to the original owner of the property... - chattel mortgage
it is a loan taken against a personal asset, keeping the same asset as security... - cheap mortgage
it is a type of mortgage which requires low monthly payments. any borrower with low income can qualify for it... - closing
it is the final step in the loan process when the seller transfers title to the buyer; the buyer signs the loan documents and receives the loan amount from the lender... - closed mortgage
it is a type of fixed rate loan where the borrower is not allowed to make any payment or even refinance before the loan term gets over... - cloud on title
it is a claim or lien placed on a title, which if valid, may affect the owner's title to the property. it is usually revealed during the title search... - closing costs
it comprises of the fees paid by the borrower at the time of closing the loan. these include charges for originating and processing the loan... - closing statement
it is a detailed statement of the charges paid and the loan funds received at the time of closing. it is also known as hud-1 settlement statement and is published by the department of housing and urban development (hud)... - collateral mortgage
it is a loan secured against a real estate. the money which is borrowed can be used for other purposes, in addition to purchase of a property... - collection of escrow
this involves an agreement by which a mortgage lender requires the borrower to make payments towards taxes and insurance premiums on a monthly basis... - commercial mortgage
it is a loan taken against any commercial property that is used as a security. this loan is used to buy or renovate the commercial property... - commitment
it is a written agreement through which a lender agrees to offer the loan and the borrower agrees to comply with it... - common areas
these areas are those portions of properties like a condominium or planned unit development that are owned and used by all unit owners in common. common areas include parking spaces, fences, etc... - community property
it is a property that is acquired by a husband and a wife during their marriage. both the spouses jointly own the property and have equal rights to it... - compound interest
it is the interest which is calculated not only on the original loan amount, but also on the accumulated interest of an earlier period, say over the last 6 months... - conforming loan
it is the type of loan that conforms to the maximum allowable loan limit ($417,000 for the year 2007) and the guidelines as fixed by government sponsored agencies like fannie mae and freddie mac. these organizations purchase the loans from other private lenders and then sell them to the investors... - consumer price index
it is an index which reflects the measure of changes in price of goods and services used by an average consumer. change in the value of the index helps in measuring the annual inflation rate... - conventional mortgage
it is a home loan that is not insured by any government organizations like fha or va. the maximum amount of such a loan does not exceed 75%25 of the lending value of the property... - convertible arm
it is a type of adjustable rate mortgage which can be transformed into a fixed rate loan after a certain period of time. it requires a conversion fee... - co-operative mortgage
it is a type of mortgage which is related to co-operative residential project where each resident has the right to occupy a specific apartment... - cost of funds index
it is an economic index used to determine the adjustments of interest rates on an arm. it is the weighted average of interest rates paid by the 11th district members of the federal home loan bank... - credit rating
it is a grade assigned by the lender depending upon the credit score of a borrower and is usually expressed as a-, b or c+ etc. this rating is based upon factors such as the borrower's payment history including foreclosure or bankruptcy... - credit report
it is a record prepared by a credit bureau that shows the credit history of the borrower. it provides information about the borrower's past loan history, tax liens, judgments if any and other related credit details... - credit related insurance
it is an insurance policy which helps the borrower to repay a home loan in case he defaults on the loan, meets with an accident or even passes away... - credit score
it is a numerical value that ranges from 300-900. it is based upon the credit worthiness of a borrower and his ability to pay off past obligations. it is used to determine the risk that the borrower might face in qualifying for a loan taken in future... - current account mortgage
it is a home loan that allows a borrower to use the balance in his current accounts so that he can directly pay off the loan through an overdraft... - customer credit
it is like an economic indicator that measures the level of consumers payments towards his outstanding debts on a monthly basis. it is determined by the federal reserve...
Thanks for sharing the terminologies, Jessica!! I'm sure they will be of great help to a large number of people.
I agree with Adonis... These terminologies will be of great help to all of us. :)