login
testimonials
tell a friend
Build
|
Restore
|
Protect
|
Understanding Financial, Credit, & Real Estate Terms |
Page 23 of 23 WXYZA | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | XYZ Will — A document, also called testament, that, when signed and witnessed, gives legal effect to the wishes of a person, called a testator, with respect to disposal of property upon death. Wire transfer — Electronic transfer of funds; usually involves large dollar payments. Wraparound — A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan and the current market interest rate. The creditor combines or "wraps" the remainder of the old loan with the new loan at the intermediate rate. Yield — The return on a loan or investment, stated as a percentage of price.
|