finance

Adjustment Period

Adjustment period is the time within which the interest rate on an adjustable-rate mortgage (ARM) can reset. It is the scheduled amount of time between each adjustment date.

Adjustment periods are set at month-to-month, semi-...

Advance

Definition from Nolo’s Plain-English Law DictionaryA type of loan or payment in which money is paid ahead of time, in anticipation of repayment or other future adjustment. For example, paying for goods before they are shipped.

Definition provided by...

Adverse Domination

The doctrine of adverse domination allows the statute of limitations on a claim for breach of fiduciary duty against directors and officers of a corporation to be tolled until the corporation is no longer controlled by the alleged wrongdoers. This...

After-Acquired Property

Definition from Nolo’s Plain-English Law Dictionary1) Property that a person acquires after taking on a debt, which becomes additional collateral for the debt. Typically, this occurs when the debtor has signed an agreement pledging all property as...

AGI

An abbreviation for Adjusted Gross Income.

Agricultural Lien

An interest in farm products (such as wheat, corn, or soybeans or livestock) that secures payment or performance of an obligation for goods, services, or rental on real property that an individual or organization leases in connection with farming...

Amortization

Amortization has different meanings for loan payments and taxes. Amortization for loans refers to separating the payments for the loan principal and interest into periodic payments to where the loan is paid off at a specified time....

Angel Investor

An individual investor—often a high net worth individual—who provides capital for emerging growth companies, typically in exchange for either ownership equity or convertible debt. Angel investments often represent the round of financing between the...

Annual Percentage Rate

The annual cost of a loan, which includes both interest on the loan, and loan-related fees. This is calculated by multiplying the interest rate per payment period by the number of the number of such payment periods in a year.

Annuitant

Definition

A person who is entitled to benefit from an annuity.

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