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Advance Fee |
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Advance FeeA fee charged by a broker to a seller to cover all ora portion of the broker's costs of promoting the property. The fee is generally credited against commissions but is not refunded if no commissions are received. Most frequently used in connection with large offerings which require a substantial outlay of funds for promotion.Advance Fee Similar MatchesAdvance Computerized Execution System (ACES)Advance Computerized Execution System (ACES)Refers to the Advance Computerized Execution System, run by Nasdaq. ACES automates Nasdaq between Nasdaq entry and Nasdaq Nasdaq that have established Nasdaq relationships with each other. Nasdaq are designated as specified for automatic Nasdaq. Advance refundingAdvance refundingIn the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits. Further advanceFurther advanceThe raising of capital by a borrower from his existing mortgage lender.This might happen if:the value of the borrower's property has increasedthe borrower's salary has increasedthe borrower wants to have a higher mortgageIn these circumstances, the lender will probably be happy to lend more money to the borrower provided he can afford the higher repayments. Advance commitmentAdvance commitmentA promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price approximately. Further advance legal feeFurther advance legal feeA fee that is normally charged when you apply for a further advance of money on your mortgage. This covers the necessary administration to ensure that the lender's legal charge over the property is maintained when further money is lent. Further SuggestionsMortgage advanceAdvanced country Advance funded pension plan Advance Advance deposit requirement Further advance Advance advance corporation tax Cash in Advance |
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