Home > Industry/Domain > Banking
Banking
The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.
11Categories 38442Terms
Add a new termContributors in Banking
Banking > Mortgage
grace period
Banking; Mortgage
The period after the payment due date during which the borrower can pay without being hit for late fees.
adjustable-rate mortgage (ARM)
Banking; Mortgage
A mortgage with an interest rate that adjusts periodically based on a preselected index, causing interest rates and payments to rise and fall with the market.
adjustment interval
Banking; Mortgage
The time between changes in the interest rate and monthly payments on an ARM.
annual percentage rate (APR)
Banking; Mortgage
The annual cost of a loan, expressed as a yearly rate. APR takes into account interest, discount points, lender fees and mortgage insurance, so it will be slightly higher than the ...
adjustment period
Banking; Mortgage
The period of time between the adjustment dates for an adjustable rate mortgage (ARM).
Sub-categories
- General banking (976)
- Initial public offering (2798)
- Investment banking (26902)
- Loan & advances (157)
- Merchant banking (150)
- Mergers & acquisitions (3237)
- Mortgage (522)
- Personal banking (1499)
- Refinance (1590)
- Savings (211)
- Underwriting (39)