Trading rangeA trading range means different things on different types of markets. On a stock exchange or over-the-counter market, it's the spread between the highest…
Trading symbolAll companies listed on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), or the NASDAQ Stock Market are represented by a unique…
Trading volumeTrading volume is the quantity of stocks, bonds, futures contracts, options, or other investments that are bought sold in a specific period of time…
TrancheCertain securities, such as collateralized mortgage obligations (CMOs), are made up of a number of classes, called tranches, that differ from each other…
transactionIncludes any series of related steps carried out as part of a prearranged plan.
transaction taxesTaxes on economic transactions, such as the sale of goods and services. These can be based on a set of percentages of the sales value (ad valorem-sales…
transferIn a transfer, a 401(k) or IRA custodian or trustee moves the assets in your existing account directly to the custodian or trustee of your new account.
Transfer AgentA trust company appointed by a company to keep a record of the names, addresses and numbers of shares held by its shareholders.
Transfer of OwnershipAny means by which ownership of a property changes hands. These include purchase of a property, assumption of mortgage debt, exchange of possession of a…
Transfer TaxState or local tax payable when title to property passes from one owner to another.
Transfer TaxesState and local taxes charged for the transfer of real estate. Usually equal to a percentage of the sales price.
Transferable-on-deathA securities or brokerage account titled transferable-on-death (TOD) lets you name one or more beneficiaries, to whom the account assets are transferred…
transmitTo send a tax return to the IRS electronically. Tax returns prepared on paper can be sent through the mail.
Transmittal Sheet (TS)The transmittal sheet is submitted with a reporter's data. The transmittal sheet includes the following information: reporter's HMDA ID number, regulatory…
TransmitterSends the electronic return data directly to the IRS.
Transom1. A horizontal bar of wood or stone across a window. 2. The cross-bar separating a door from the window, panel, or fanlight above it. 3.
Transom barA horizontal element that subdivides an opening, usually between a door and window.
TransparencyTransparency is a measure of how much information you have about the markets where you invest, the corporations whose stocks or bonds you buy, or the…
TreasuriesDebt obligations, such as U.S. Treasury bills, notes and bonds, issued by the Federal Government and secured by the full faith and credit (power to tax…
Treasury Bill (T-Bill)Short-term, highly liquid government securities issued at a discount from the face value and returning the face amount at maturity.
Treasury bill rateThe rate paid by the government on its short-term borrowing. See index.
treasury bills (t-bills)Treasury Bills are short-term government issued debt instruments whose return is determined by prevailing market rates of return.
Treasury bondTreasury bonds are long-term government debt securities with a maturity date of 30 years that are issued in denominations of $1,000.
Treasury Bond or NoteDebt obligations of the Federal government that make semiannual coupon payments and are sold at or near par value in denominations of $1,000 or more.
Treasury DirectTreasury Direct is a direct investment system, offered through the US Department of the Treasury, lets you make competitive or noncompetitive bids for new…
Treasury IndexAn index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It is based on the results of auctions by the U.
Treasury inflation-protected securities (TIPS)TIPS, or Treasury inflation-protected securities, are inflation-indexed Treasury bonds and notes. They protect you against deflation as well.
Treasury noteLike US Treasury bills, Treasury notes are debt securities issued by the US government and backed by its full faith and credit.
Treasury stockTreasury stock is stock that an issuing company repurchases from its shareholders.
TrefoilA three-lobed decorative form used in Gothic architecture
Tri-Party RepoIn a tri-party repo, an independent institution enters into a tripartite agreement with the two counterparties to the transaction.
Trial Period or Trial Period PlanHAMP requires homeowners to enter into a trial period plan before receiving a permanent HAMP modification.
TripartiteRelating to or executed by three parties: a tripartite agreement.
Trust companySame or similar to "commercial bank." See also "commercial bank."
Trust deedA deed executed in conformity with title 45, chapter 15, Idaho Code, and conveying real property to a trustee in trust to secure the performance of an…
TrusteeA trustee is a person or institution appointed to manage assets for someone else's benefit.
Truth in lendingA federal law obligating a lender to give full written disclosure of all fees, terms, and conditions associated with the loan initial period and then…
Truth In Lending ActThe Truth-in-Lending Act requires every lender to provide a complete and clear disclosure of the key terms of any lending or leasing arrangement, plus a…
Truth in Lending Act (TILA)The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.
Turnover ratioA mutual fund's turnover ratio measures the percentage of holdings that the fund sells, or turns over, in a year.
TurretA small tower, usually supported by corbels.
Two Step MortgageAn adjustable-rate mortgage (ARM) that has one interest rate for the first five to seven years of its term and a different interest rate for the remainder…
Two- to Four- Family PropertyA residential property that provides living space (dwelling units) for two to four families, although ownership of the structure is evidenced by a single…
Type of PurchaserIf you sell a loan in the same calendar year in which it was originated or purchased, you must identify the type of purchaser to whom it was sold.