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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Auto loan arms seek bank status - Detroit NewsWASHINGTON -- Ford Motor Credit Co. and Chrysler Financial are lobbying Congress and federal banking regulators to become industrial loan corporations, which would allow them to accept deposits. That represents a cheaper source of capital than other ...
GM, Chrysler deal clears major issues - Windsor StarDETROIT - General Motors Corp. and Cerberus Capital Management have resolved the major issues in a proposed GM-Chrysler merger, but the final form of any deal would depend on the financing and government support available, sources familiar with the ...
Teck plumbs depths on black day for coal - Windsor StarFaced with tumbling commodity prices, a free-falling stock price and an over-levered balance sheet, Teck Cominco Ltd. unveiled a wide-ranging plan Tuesday to conserve capital and pay back debt amid a rapidly-deteriorating metals sector. Without ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
VEDA approves $56 million in financing - Burlington Free PressThe Vermont Economic Development Authority announced Thursday it has approved $55.5 million in financing to support development projects at local companies. Jo Bradley, the authority's CEO, said the financing efforts "will strengthen businesses ...
Student Transportation announces fiscal 2009 first quarter results - CNW GroupTORONTO, Nov. 13 /CNW/ - Student Transportation of America Ltd. ("STA" or the "Company") (TSX: STB, STB.UN) today reported financial results for the first quarter of fiscal year 2009, ended September 30, 2008. All financial results are reported in U ...
Student Transportation delivers record fiscal 2008 year-end results - CNW GroupHighlights: - Continued Strong growth - New Strategic Equity Investor - Fuel and Currency protection increased >> TORONTO, Sept. 22 /CNW/ - Student Transportation of America Ltd. ("STA" or the "Company") (TSX: STB, STB.UN) today reported financial ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
View all Terms