SECURITY INTEREST
Security Interest is a collateral’s legal claim. Typically, the collateral pledged is because of a loan where the borrower gives the lender the guarantee of a security interest for specific assets that is to be repossessed to be sold and used as payment for the loan in case the borrower is unable to make loan payments anymore. Security Interests are normal among auto loans, mortgages, and business loans which are referred as secured loans because of this. Examples of unsecured loans are credit cards in which credit companies are unable to repossess anything in case of inability to pay off the loan.
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Grant Deed
Legal document used to transfer title to real property or real property interest. It contains the name of the individual or entity transferring the ...
Underlying Security
Underlying Security is a financial instrument on which the value of a derivative is based.
Savings Bond Plan
Savings Bond Plan is a program that allows employees to purchase US savings bonds through payroll deductions.
Max Pain
The point at which option contracts expire at the maximum loss. The term sprung from Maximum Pain theory, which means most investors who buy and ho ...
Yield Maintenance
Yield Maintenance is a prepayment premium allowing an investor to have the same yield, thus make it seem like the borrower has settled all of the m ...
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