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Stepped discount mortgage |
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Stepped discount mortgageWhere the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary.Stepped discount mortgage Similar MatchesDiscount yieldDiscount yieldThe yield on a security purchased at a price below its face value. Discount securitiesDiscount securitiesNon-interest-bearing money market instruments that are issued at a discount and redeemed at maturity for full face value, e.g., US Treasury bills. Discounted basisDiscounted basisTo sell below maturity value, so that the difference makes up all or part of the interest. Discount brokerDiscount brokerA brokerage house featuring relatively low commission rates in comparison to a full-service broker. Discount ArbitrageDiscount ArbitrageA riskless arbitrage in which a discount option is purchased and an opposite position is taken in the underlying security. The arbitrageur may either buy a call at a discount and simultaneously sell the underlying security (basic call arbitrage) or maybuy a put at a discount and simultaneously buy the underlying security (basic put arbitrage). See also Discount. Further SuggestionsForward discountVolume discount Risk adjusted discount rate discounted rate mortgage Forward discount Accretion (of a discount) discounted cashflow Dividend Discount Return deep discount Discounted cash flow (DCF) Discounting Bank discount basis Discount yield Discount Points Average discount rate Discount period Discounted payback Discount period Deep discount bond Discounted payback period rule Discounted dividend model (DDM) Straight Discount Original issue discount debt (OID debt) Rediscount Discounted in or by market |
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