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 reas...
In financing terminology, a 125% loan has aloan-to-value (LTV) ratioof 125%. The LTV ratio, which compares the size of a loan relative to the appraised value of the property that serves as security, is used by lenders to judge a loan’s default risk. A 125% loan is considered riski...
Third-party logistics refers to the services described above. But there’s some interplay between terminology here, and it’s helpful to understand it so you can speak confidently about the role of 3PL services at your company. What is 3PL terminology? Third-party logistics is a field of oper...
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...
Although USD is the largest currency, only 19% of Forex trades take place in the US. 41% happen in the UK. Understanding Forex trading terminology There are a large number of words which are vital to understanding the Forex markets. Some of these are specific Forex trading terminology; howev...
Interest rates have a lot of moving parts, and the terminology can be confusing. If you’re a borrower and interest rates are high, your monthly payments will also be high. In other words, if you’re borrowing money to buy something, higher rates make the item—a house, a car, a vac...
What is the definition of bankruptcy? The following glossary is intended to aid readers in understanding the terminology used on this Ontario-based website. The definitions provided here are general interpretations, not legal definitions. If you have specific questions, please reach out to us. If ...
A personal financial statement (PFS) is a list of assets and liabilities and other personal details, culminating in a statement of net worth. If the individual preparing the personal financial statement is married, the document may represent the combined
Each subject to finance clause will be slightly different. However, it is important to include key information and always be specific. Vague information or unclear terminology can lead to complications down the track. Make sure you specify: ...
Mortgage terminology to know There's a lot of vocab to learn when you're looking for a home loan. To make things even trickier, in many cases these are specialized uses of everyday words. Here are some terms you might come across. APR. APR is short for annual percentage rate. This nu...