What Is a Mortgage? Payments, Types and Terminology A mortgage is a loan used to buy a home. Once it's paid off, you own the home free and clear.Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations...
The word “portfolio” comes from the Latin “folium,”meaning to “carry leaves” (as in papers). Stock and bond certificates were once only issued in paper form, from which this terminology was adopted. Portfolio is also used to describe an artist’s collection of works, for similar reaso...
Mortgage terminology to know What is a mortgage? A mortgage is a loan used to buy a home. You repay the loan, with interest, over a set number of years. The property serves as collateral, meaning if you don't pay, the lender can take the home. Though you are a homeowner while payi...
A long-term loan is a good option for an established business with excellent credit and a solid financial record. You may consider one to fund your business’s long-term growth strategies. A Small Business Administration (SBA) loan is a good example of a long-term loan. If you apply for...
A bank reconciliation is a process performed by a company to ensure that its records (check register, general ledger account, balance sheet, etc.) are correct. This is done by comparing the company’s recorded amounts with the amounts shown on the bank statement. Any differences must be jus...
Today the word ‘spam’ is widely used in email terminology, though Hormel tinned meat products are still on sale in the USA. UCE and UBE Before we define exactly what spam is, a few words should be said about spam in general and how it is understood in other countries. ...
Market Terminology Let’s look at the most important forex terms:Ask and Bid Prices - The Ask price is the price an instrument can be bought at, and the Bid price is the price an instrument can be sold at. The Ask price is always higher than the Bid price, so initially every trade ...
What is 3PL terminology? Third-party logistics is a field of operations. It’s the inventory management, order fulfillment, and transportation mentioned above. The term is often abbreviated to 3PL when speaking and writing and mentioned when referring to operations providers. ...
What Is a Mortgage? Payments, Types and Terminology A mortgage is a loan used to buy a home. Once it's paid off, you own the home free and clear.Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations...
Preapproval.A mortgage preapproval is a letter from a lender stating how much they might be willing to lend you to buy a home. A preapproval doesn't mean that you'll definitely get the loan, but because it's based on the lender verifyin...