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Rate lock |
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Rate lockAn agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days.Rate lock Similar MatchesCapped rate mortgageCapped rate mortgageA mortgage which guarantees the interest rate charged will not rise above a certain level. But it may fall in line with variable rates. Corporate repurchaseCorporate repurchaseActive buying by a corporation of its own stock in the marketplace. Reasons for repurchase include putting idle cash to use, raising EPS, creating support for a stock price, increasing internal control (shark repellant), or stock for ESOP or pension plans. Repurchase is subject to rules, such as that buying must be on a zero minus or a minus tick, after the opening and before 3:30 p.m. Accrual rateAccrual rateThe rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction - for example, sixtieths - of final pay. Buy and hold strategyBuy and hold strategyA passive investment strategy with no active buying and selling of stocks from the time the portfolio is created until the end of the investment horizon. Minimum lending rateMinimum lending rateThe minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981. Further Suggestionsvariable rate mortgageVariable rate demand note Fixed rate loan Nominal interest rate Average tax rate Variable rate loan Floating rate note (FRN) Periodic rate Covered or hedge option strategies Adjustable Rate Mortgages (arms) Call money rate Strategic trade policy argument for a tariff Principal Exchange Rated Linked Securities (PERLS) Exchange rate determination conglomerate Floating exchange rate system Nominal rate of protection interest rate Variable rated demand bond (VRDB) Interbank rate Tariff rate quota Forward interest rate Bound rate Reorg (or Corporate Action or Reorganization) Implied repo rate |
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