Back feeThe fee paid on the extension date if the buyer wishes to continue the option.
Asset backed securityAsset backed security
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
The length of time it takes to recover the initial cost of a project, without regard to the time value of money.
A term used in life assurance where under certain conditions, life assurance premium relief (LAPR) given under a life policy could be recovered (or clawed back) by the Inland Revenue. Although not extinct, the situation has much less relevance nowadays.Where a life company advances indemnity commission to an agent, the company does so on the understanding it will be entitled to recover some or all of the commission paid if the relevant policy is cancelled within a given period.
Discounted payback period ruleDiscounted payback period rule
An investment decision rule in which cash flows are discounted at an interest rate and one determines how long it takes for the sum of the discounted cash flows to equal the initial investment.
In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases from the earlier date.
Further SuggestionsSale and lease back
Back on the shelf
"Buy them back"
Mortgage Backed Securities Clearing Corporation (MBSCC)
Tax loss carryback, carryforward
back to back loan
Death backed bonds
Odd Lot Buy Back
"Back up the truck"
Loss Carry Back (Carry Forward)
back to back inheritance tax plan
Net operating loss carrybacks
Tax clawback agreement