Secondary Financing


 

Home
Site Map
Add Term
Search
About Us
Contributors

Secondary Financing

A loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed.



Secondary Financing

Similar Matches

Secondary tariffs

Secondary tariffs

Any charges imposed on imports in addition to the statutory tariff, such as an import surcharge.


Secondary mortgage market

Secondary mortgage market

Buying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities.


Secondary distribution or offering

Secondary distribution or offering

Public sale of previously issued securities held by large investors, usually corporations or institutions, as distinguished from a primary distribution, where the seller is the issuing corporation. The sale is handled off the NYSE, by a securities firm or a group of firms, and the shares are usually offered at a fixed price related to the current market price of the stock.


Secondary Mortgage Market

Secondary Mortgage Market

The buying and selling of first mortgages of trust deeds by banks, insurance companies, government agencies, and other mortgagees. This enables lenders to keep an adequate supply of money for new loans. The mortgages may be sold at full value (par) or above, but are usually sold at discount. The secondary mortgage market should not be confused with second mortgage.


Secondary market

Secondary market

The market in which securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. Seasoned securities are traded in the secondary market.


Further Suggestions

Forfaiter (Secondary)
Registered secondary offering
secondary market
Secondary Offering
Spot secondary
Secondary issue


 
All rights Reserved. Do not copy without permission.