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PRESS DIGEST-Australian Business News - Dec 4 - CNBCCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) -- West Australian Newspapers (WAN) has lost half of its board following the sudden ...
Kill the competition: Woolies bid ... UK doubts ... Rio unwanted - Times OnlineThe Times : Woolworths is pushing its lenders to approve the sale of its music and film business for £100 million ($150 million) and its retail business for £1. Daily Telegraph : Through credit default swaps, investors are betting that there is a ...
European Capital's Sponsor Finance Group Invests Euro 97 Million in ... - Yahoo FinanceST. PETER PORT, Guernsey, April 18 /PRNewswire-FirstCall/ -- ECAS S.a.r.l, an indirect wholly-owned subsidiary of European Capital Limited (LSE: ECAS - News ; "European Capital"), announced today investments totaling euro 97 million in three ...
County votes heavy turnout - Hope StarHempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...
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.
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