Tenancy-in-commonWhen two or more people own property as tenants-in-common (TIC), they share in the property's tax benefits, any income it generates, and its growth in…
Tender offerWhen a corporation or other investor offers to buy a large portion of outstanding shares of another company, called the target company, at a price higher…
TermA term is the length of time between when a fixed-income security, such as a bond or note, is offered for sale and its maturity date.
Term InsuranceA plan of insurance that covers the insured for only a certain period of time (the term), not for his or her entire life.
Term RiderTerm insurance that is added to a whole life policy at the time of purchase or that may be added in the future.
TerminationA Reporting Status for an employee who is leaving a covered position that requires the filer to file an SF 278.
Termination DateThe SF 278 filer's last day in the position. It is the last day paid for that position.
Termite InspectionAn inspection to determine whether a property has termite infestation or termite damage.
TermsThe period of time and the interest rate arranged between creditor and debtor to repay a loan.
Terra cottaHard fired clay, either glazed or unglazed, molded into ornamental elements, wall cladding, and roof tiles.
The Occupational Information Network (O*NET)(O*NET)The Occupational Information Network (O*NET) is a database of occupational requirements and worker attributes, available on line.
Thin marketA thin market is one where securities trade infrequently. The term can refer to an entire securities market, such as one in an emerging nation, a specific…
Thinly tradedA particular stock, sector, or market is said to be thinly traded if transactions occur only infrequently, and there are a limited number of interested…
Third marketExchange-listed securities, such as those that are traded on the New York Stock Exchange (NYSE) or the American Stock Exchange (AMEX), may also be bought…
Third mortgageSimilar to a "second mortgage." See also "second mortgage" under "mortgage."
Third PartyAn individual other than the policyholder or the insurance company who has suffered a loss and may be able to collect compensation under the policy, due…
Third Party Administrator (TPA)(TPA)An organization that performs managerial and clerical functions related to an employee benefit insurance plan by an individual or committee that is not an…
Third Party Feesa fee that you pay up front for a mortgage broker to pay to another party, such as to obtain a credit report, order an appraisal, or to do a title search.
Third Party OriginationA process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package a mortgage loan.
Third-party claimA claim filed against another person’s insurance policy.
ThriftAn organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages.
TickA tick is the minimum movement by which the price of a security, option, or index changes. With stocks, a tick may be little as one cent.
Ticker (tape)While the stock markets are in session, there is a running record of trading activity in each individual stock.
Ticker symbolA ticker symbol, also known as a stock symbol, is a unique string of letters that identifies a particular stock on one of two electronic tapes that report…
Tie rodA metal tension rod connecting two structural members, such as gable walls or beams, acting as a brace or reinforcement; often anchored by means of a…
Time Certificate of DepositA time deposit evidenced by a negotiable or nonnegotiable instrument specifying an amount and maturity.
Time depositA time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain "term" or period of time.
Time value of moneyThe concept that money today is worth more than the same amount in the future, when inflation has reduced its value.
tip incomeMoney and goods received for services performed by food servers, baggage handlers, hairdressers, and others.
TitleA title is a legal document proving ownership of a piece of property. If you are buying real estate you authorize a title search, or examination of…
Title 1An FHA-insured loan that allows a borrower to make non-luxury improvements (like renovations or repairs) to their home; Title I loans less than $7,500…
Title CompanyA company that specializes in examining and insuring titles to real estate.
Title DefectAn outstanding claim on a property that limits the ability to sell the property. Also referred to as a cloud on the title.
Title InsuranceTitle insurance protects your lender's interest in your home and real property in case its ownership is contested in court.
Title SearchA title search is an examination of property records by a title company or attorney to ensure that the person from whom you are buying a piece of property…
Toehold purchaseA toehold purchase is one in which an individual investor or investment firm caps holdings in a potential target company at less than 5% of the company's…
Top-down modelA projections model that is used to force lower-level geographical or industry projections to higher-level totals.
Total LossWhen the cost to repair a vehicle approaches or exceeds the vehicle’s actual cash value.
Total requirements tableA set of tables in the input-output (I-O) accounts calculated from the make table and use table.
Total returnTotal Return is the change in value of the fund plus any distribution (i.e. capital gain, interest, and dividends) divided by the value of the fund at the…
Total return indexA total return index is an equity market index that's calculated using the assumption that all of the dividends that the stocks in the index pay are…
Towing and Labor CoverageReimburses you when your vehicle breaks down or is damaged and must be towed to a repair shop or to another location.
Towing CoverageAn optional coverage of an automobile policy that pays a specified amount for towing and related labor costs.
Toxic Release Inventory (TRI)(TRI)The Toxics Release Inventory (TRI) database, contains information concerning waste management activities and the release of toxic chemicals by facilities…
Toxic Substances Control Act (TSCA)(TSCA)The Toxic Substances Control Act (TSCA), passed in 1976, requires tests of chemicals that may harm human health or the environment; reviews of new…
TraceryAn ornamental configuration of curved mullions in a Gothic sash.
Tracking stockSome corporations issue tracking stock, a type of common stock whose value is linked to the performance of a particular division or business within a…
Trade dateThe trade date is the day on which you buy or sell a security, option, or futures contract.
trade date v. settlement dateThe trade date is the day a trade is executed. The settlement date is the agreed upon date when payment must be made and/or securities presented.
Trade EquityReal Estate or assets given to the seller as part of the down payment for the property.
TraderTraders who are dealers or market makers select the securities in which they will specialize and provide quotes on those securities in the marketplace.
Trading floorThe trading floor is the active trading area of a stock exchange, such as the New York Stock Exchange (NYSE).
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)(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)(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)(TILA)The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.