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Credit reference agency |
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Credit reference agencyWhen assessing your application, a mortgage lender will study your records. These records are held centrally by credit reference agencies, and contain information for many different aspects of your life.Credit reference agencyAn agency which holds information about the credit reliability of consumers and makes the information available at a fee to companies offering credit terms (e.g. credit card companies, mail order companies).Similar MatchesPreference sharesPreference sharesShares in a company which give their holders an entitlement to a fixed dividend but which do not usually carry voting rights. The important difference between preference and ordinary shares are:The dividend on ordinary shares is uncertain and variable (high when the company does well, poor or non-existent when it does badly). Preference shareholders get a fixed dividend which, if not paid, usually accrues until it can be.Each ordinary share usually carries a vote. Preference shares do not usually carry a vote unless dividends fall into arrears.In the event of a winding up, preference shares are usually repayable at par value, and rank above the claims of ordinary shareholders (but behind bank and trade creditors).Preference shares may be issued with the right of conversion into ordinary shares. These are called convertibles. Preference stockPreference stockA security that ranks junior to preferred stock but senior to common stock in the right to receive payments from the firm; essentially junior preferred stock. Homothetic preferencesHomothetic preferencesTogether with identical preferences, this assumption is used for many propositions in trade theory, in order to assure that consumers with different incomes but facing the same prices will demand goods in the same proportions. Tariff preferenceTariff preferenceA lower (or zero) tariff on a product from one country than is applied to imports from most countries. This violation of the MFN principle is permitted in special cases, including some preferential trade arrangements and the GSP. Preference sharePreference sharePreferred shares of a corporation that have first claim to preferred dividends. Further Suggestionsredeemable preference sharestrade reference Community preferences Involuntary liquidation preference Liquidity preference hypothesis Mortgage reference fee accounting reference date Weak axiom of revealed preference participating preference shares Generalized System of Preferences Reference rate Identical preferences Loan Preference Principle Revealed preference cumulative preference shares Reference price Preference for variety Tax preference item banker's reference stepped preference shares Preferences |
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