|
|
Mortgage reference fee |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage reference feeIf you apply for a remortgage or a new mortgage, the new lender will want a mortgage reference from your existing lender. You will probably have to pay for this. Costs £20 - £50Mortgage reference fee 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. Revealed preferenceRevealed preferenceThe use of the value of expenditure to "reveal" the preference of a consumer or group of consumers for the bundle of goods they purchase compared to other bundles of equal or smaller value. Used by Samuelson (1939) and Ohyama (1972), especially, to examine the gains from trade. Accounting reference dateAccounting reference dateThe date to which accounts are made up for a company. When a company is incorporated, it will usually have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies. Redeemable preference sharesRedeemable preference sharesPreference shares which the issuing company reserves the right to redeem. The shares may, or may not have a specific redemption date or dates. Further SuggestionsInvoluntary liquidation preferenceHomothetic preferences Tax preference item Preference for variety Identical preferences credit reference agency Liquidity preference hypothesis banker's reference participating preference shares trade reference cumulative preference shares Preferences Tariff preference Community preferences Reference rate Generalized System of Preferences Loan Preference Principle Credit reference agency stepped preference shares Preference share Weak axiom of revealed preference Reference price |
|
|
|