- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A company or individual that originates mortgage loans and sells them to investors, while taking care of borrowers' loan payments, records, taxes, and insurance.
Industry:Financial services
Allows investors to buy securities by borrowing money from a broker. The margin is the difference between the market value of a stock and the loan a broker makes. Related: Security deposit (initial).
Industry:Financial services
A bond in which the issuer has granted the bondholders a lien against the pledged assets. See: Collateral trust bonds
Industry:Financial services
A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops sufficiently, the owner will be asked to either put in more cash, or sell a portion of the stock. Margin rules are federally regulated, but margin requirements and interest may vary among broker/dealers.
Industry:Financial services
A company or individual that places mortgage loans with lenders, but does not originate or service loans like a mortgage banker.
Industry:Financial services
A performance bond paid upon purchase of a futures contract that protects the exchange clearinghouse from loss.
Industry:Financial services
A modification of standard duration to account for the impact on duration of MBSs of changes in prepayment speed resulting from changes in interest rates. Two factors are employed: one that reflects the impact of changes in prepayment speed or price.
Industry:Financial services
Any stock listed on a national securities exchange, any over-the-counter security approved by the SEC for trading in the national market system, or appearing on the Board's list of over-the-counter margin stock and most mutual funds.
Industry:Financial services
