Additional security fee

 

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Additional security fee

An up-front, one-off fee paid to the lender to protect against the borrower defaulting on the loan. This is usually charged on mortgages of more than 75% of the property value. Also known as Indemnity Guarantee Premium and Mortgage Indemnity Premium.



Additional security fee

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Additional bonds test

Additional bonds test

A test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds.


Additional voluntary contributions

Additional voluntary contributions

Additional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement.


Additional personal allowance

Additional personal allowance

An income tax allowance to single people including widows/widowers, separated spouses etc who are not entitled to the married couple's allowance and are supporting a child under the age of 16 at their own expense. This allowance also applies where a man's wife is living with him and she is totally incapacitated and they have a child living with them.


Additional hedge

Additional hedge

A protection against borrower fallout risk in the mortgage pipeline.


Statement of Additional Information (SAI)

Statement of Additional Information (SAI)

A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus.


Further Suggestions

free standing additional voluntary contributions
additional rate tax
Additional principal payment


 
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