teaser rate — A low initial interest rate on an adjustable rate mortgage to entice borrowers, that is later eliminated and replaced by a market level rate. Bloomberg Financial Dictionary * * * teaser rate teaser rate ➔ rate1 * * * teaser rate UK US noun [C]… … Financial and business terms
teaser — A low introductory rate on a loan, or a high initial rate on a deposit … American business jargon
ninja loan — n. A loan or mortgage given to a person who has no income, no job, and no assets. Also: NINJA loan. [From the phrase, No Income, No Job or Assets.] Example Citations: It s not as though the absurd excesses of the mortgage market were some big… … New words
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms
Balance transfer — A balance transfer is the act of transferring debt from one credit card to another assuming the newer card has better terms and rates. The balance transfer offer consists of three elements: offer rate, offer duration, and transaction fee . There… … Wikipedia
Credit card balance transfer — A credit card balance transfer is the transfer of the balance (the money) in a credit card account to an account held at another credit card company.[1] Contents 1 Overview 1.1 Normal rate … Wikipedia
United States housing bubble — The United States housing bubble is an economic bubble in many parts of the United States housing market including areas of California, Florida, New York, Michigan, the Northeast Corridor, and the Southwest markets. On a national level, housing… … Wikipedia
Negative amortization — In finance, negative amortization, also known as NegAm, deferred interest or graduated payment mortgage, occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the… … Wikipedia
Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl … Wikipedia
