Business terms starting with 0-9

42 terms

10-k The Securities and Exchange Commission (SEC) requires that all publicly traded companies file a Form 10-k every year.
12b-1 fee A number of load and no-load mutual funds levy 12b-1 fees on the value of your mutual fund account to offset the fund's promotional and marketing expenses.
2 to 4 Family Residence A residential building (excluding hotels and motels with normal room rentals for less than 6 months' duration) containing no more than four dwelling units.
203(b) FHA's single family program which provides mortgage insurance to lenders to protect against the borrower defaulting; 203(b) is used to finance the…
203(k) This FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single…
30 Days Delinquent The percentage of loans underlying a Security that are 30 to 59 days behind on their scheduled payments.
401 (k) plan An employer-sponsored retirement plan that permits employees to divert part of their pay into the plan and avoid current taxes on that income.
401(k) You participate in a 401(k) retirement savings plan by deferring part of your salary into an account set up in your name.
401(k) Savings Plan and 457 Savings Plan Tax-deferred savings plans, both of which are offered under the South Carolina Deferred Compensation Program .
403(b) A 403(b) plan, sometimes known as a tax-sheltered annuity (TSA) or a tax-deferred annuity (TDA), is an employer sponsored retirement savings plan for…
403(b) Plan An arrangement in which an employee places pre-tax earnings into a tax deferred retirement account that a state or local government employer or non-profit…
457 These tax-deferred retirement savings plans are available to state and municipal employees.
529 college savings plan Each 529 college savings plan is sponsored by a particular state or group of states, and while each plan is a little different, they share many basic…
529 Plan (Prepaid Tuition Plan) An education savings account or plan operated by a state or educational institution designed to help families accrue funds for future college costs.
529 prepaid tuition plan With a prepaid tuition plan, you purchase tuition credits at current rates to be used at some point in the future when your beneficiary attends one of the…
60 Days Delinquent The percentage of loans underlying a Security that are 60 to 89 days behind on their scheduled payments.
8-k The Securities and Exchange Commission (SEC) requires that all publicly traded companies use Form 8-k to report anything that could have a significant…
90 Days Delinquent The percentage of loans underlying a Security that are 90 to 180 days behind on their scheduled payments.
Asset Management Estate (AME) Estate that holds the assets of a failed institution. Commonly administered by NCUA's Asset Management and Assistance Center, to which the NCUA Board has…
Asset-Backed Security (ABS) A security whose value and payments are derived from and collateralized (or backed) by the expected cash flows of pools of income-generating assets.
Atl-A Loans Loans extended to borrowers who have a high credit quality but whose characteristics fall outside the margins of Conforming Loan guidelines, such as…
Collateral Properties or assets that are offered to secure a loan and become subject to seizure upon default.
Medium Term Note (MTN) Notes issued in the capital markets in late 2009 by US Central Federal Credit Union and Western Corporate Federal Credit Union.
Non-Agency RMBS A type of Mortgage-Backed Security issued by an entity other than a government sponsored enterprise (Fannie Mae / Freddie Mac) that does not have a…
Principal Paydown Portion of payment applied to principal balance.
Put Option A contractual provision conferring the right, but not the obligation, to sell an asset back to a counterparty (in the case of a security, the original…
Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) A borrowing facility and assessment authority, authorized under the 2009 Helping Families Save Their Homes Act, to allow the NCUA Board the ability to…
Underlying Security (-ies) Securities underlying the NGNs (i.e. Legacy Assets) that produce the cash flows used to pay off the NGNs.
Foreclosure The legal proceedings initiated by a creditor to repossess the collateral for a loan that is in default, usually with the intent to liquidate the seized…
Home Price Appreciation (HPA) The rate by which house prices increase (or decrease) for a specified area, usually quoted on an annual basis.
Investment Grade A security with a rating of BBB- or above.
Note Principal Balance (Unpaid) The initial Note Principal Balance (also known as Par) of a given security on the closing date less all principal payments made on the security…
Prepayment Speed The annualized rate at which borrowers pay off their loans ahead of schedule. Also referred to Constant Prepayment Rate, or CPR.
Real Estate Owned (REO) The ownership of collateral property by the lender - usually a bank - after an unsuccessful sale at a foreclosure auction.
Realized Loss A loss recognized when assets are sold for a price less than the outstanding principal balance of the asset plus interest and liquidation expenses.
Securitization The process through which financial assets are pooled, transferred to a trust or other Special Purpose Entity (SPE), and issued and sold to investors in…
Security (-ies) A general term for stocks, bonds, options, subscription rights, warrants and other tradable investments that confer a right to income or ownership.
Subprime Loans Loans extended to borrowers who do not qualify for the best market interest rates due to a deficient credit history and/or a low credit score.
Tranche One of several related securities issued in a Securitization transaction. Tranches in the same transaction may have different maturity, subordination and…
Underlying Loans Loans underlying a security that produce the cash flows used to pay off that security.
Underwriter A company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body.
Weighted Average Life The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding.