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insured plan

plan : a pension or retirement plan managed by an insurance company under which contributions are used to purchase life insurance or annuities as a means of funding the benefits promised

employee stock ownership plan (esop)

employee stock ownership plan (esop) An employer-provided benefit that allows employees to purchase stock in the company under certain favorable terms

inflation

inflation the number of dollars in circulation exceeds the amount of goods and services available for purchase; inflation results in a decrease in the dollar's value. Source: U.S. Department of Housing and Urban Development

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HUD-1 settlement statement

such forms)] : a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property

honor

honor hon·ored hon·or·ing 1 : to accept and pay [the bank ed the check] 2 : to purchase or discount (a draft) in compliance with a letter of credit

help

may entitle the homebuyer to a reduced initial FHA mortgage insurance premium-from 2.25% to 1.75% of the home purchase price. Source: U.S. Department of Housing and Urban Development

grace period

penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over conflicting security interests under Article 9

global debt facility

global debt facility designed to allow investors all over the world to purchase debt (loans) of U.S. dollar and foreign currency through a variety of clearing systems. Source: U.S. Department of

float

process of collection 2 : the time between a transaction (as the writing of a check or a purchase on credit) and the actual withdrawal of funds to cover it vi of a currency : to find

ex-rights

ex-rights : without rights NOTE: The purchaser of stock traded ex-rights does not acquire the right to purchase new securities at a discount prior to

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