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Touro University looks to refinance $23.5 million debt - Las Vegas SunTouro University is seeking Henderson's approval to issue $23.5 million in tax-exempt bonds to refinance the university's debt from purchasing its two-building campus in Green Valley. The measure was introduced to the City Council Tuesday and is ...
Ratiopharm owner Merckle lost on VW bets -sources - ReutersFRANKFURT, Nov 17 (Reuters) - German billionaire Adolf Merckle was among investors caught on the wrong foot by an unprecedented surge in carmaker Volkswagen's (VOWG.DE: Quote , Profile , Research , Stock Buzz ) shares, two sources familiar with the ...
O'Brien's blog - Atlanta Journal ConstitutionThe entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...
Buy-outs bypass bank debt in all-share deals - Financial TimesConfucius, the Chinese philosopher, said that only the wisest and stupidest of men never change. Most private equity bosses are already showing they are neither too wise nor too stupid to adjust their strategies to cope with turmoil in financial ...
Billionaire Merckle Family Said to Make Guarantees to Save VEM - BloombergNov. 19 (Bloomberg) -- Germany’s billionaire Merckle family, stung by losses on Volkswagen AG shares, made personal guarantees for the first time that may save an investment unit from insolvency and eliminate risks for other holdings, three people ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms