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Credit union |
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Credit unionA not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans, to its members.Credit unionNonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members.Credit unionA mutual association formed by people with a common affiliation such as employees, a union or a religious group in which pooled saving are made. The funds are invested for appreciation and members may borrow at competitive rates.Similar MatchesGeneric credit spreadGeneric credit spreadRefers to the corporate bond spread for a particular credit rating and expiry. For example, 10-year single A corporates were priced or trading at 130 basis points above Treasuries last night, or said diffrently, 130 is the generic credit spread for 10-year single A corporates. Secured creditorSecured creditorA creditor who has a charge over the assets of a debtor in the event of the debtor failing to meet his/her obligations. Credit averseCredit averseWhen a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage. Domestic creditDomestic creditCredit extended by a country's central bank to domestic borrowers, including the government and commercial banks. In the United States, the largest component by far is the Fed's holdings of U.S. government bonds, but it also makes some short-term loans to banks to use as their reserves. Credit cardCredit cardA plastic payment card which allows the owner to obtain goods and services without the requirement to pay cash and on credit terms.Transactions during a month are totalled and presented to the card holder for settlement on a monthly basis. Alternatively a percentage of the outstanding amount can be paid and the balance extended to the next month and so on. This will normally incur a much higher annual rate of interest than usual, for example, 2% per month being equivalent to an annual percentage rate of 26.82%.In addition to obtaining goods, credit cards can be used to obtain cash. Further SuggestionsCredit balanceUsance Letter of Credit credit insurance credit note Federal credit agencies pension credit National Foundation for Consumer Credit Line of credit Commercial letters of credit Full faith and credit obligations Credit analysis Eurocredit market Sight Letter of Credit Equity Line Of Credit Close end credit bank giro credit credit rating credit reference agency Credit National Credit Union Administration Federal Farm Credit System credit credit clearing unified tax credit Revocable letter of credit |
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