financial services

Accrue

1. To be added as a matter of periodic gain or advantage, as interest on money.

2. To become a present and enforceable right or demand.

From: Dictionary.com

Adjustable Rate Mortgage (ARM)

A mortgage loan where the interest rate may change in accordance with designated market indicator (such as the LIBOR), as opposed to a set interest rate (such at 6% annually).

Adjustment Date

Definition from Nolo’s Plain-English Law Dictionary

The date the interest rate changes on an adjustable-rate mortgage (ARM). On most ARMs, the rate starts out fixed at a discount for an initial period, such as five years. Then it's reset (typically...

Adjustment Period

Definition from Nolo’s Plain-English Law Dictionary

For homeowners with an adjustable-rate mortgage (ARM), the scheduled period between changes in the interest rate. The adjustment period can be monthly, semi-annually, annually, and so forth....

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...

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

Definition from Nolo’s Plain-English Law Dictionary(1) A periodic payment plan to pay a debt (such as a mortgage or car loan) by a certain date, in which interest and a portion of the principal is included in each payment. Payments are usually calculated...

Angel Investor

Definition from Nolo’s Plain-English Law DictionaryAn affluent individual who invests in small, private companies, usually in exchange for company stock or promissory notes that are convertible into shares of company stock. Angel investors often work...

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.

Pages