Prepayment risk
The possibility that homeowners will pay off their Mortgage loans early, such as when Interest rates fall and they decide to refinance.
Semi Related Terms: 550 CLICK HERE TO VIEW
Adjustable rate,
Accrual of discount,
Accrued interest,
Amortization of premium,
At par,
All or any part,
At best,
At call,
Adjustable rate preferred stock,
All-risks coverage,
At risk,
Abstract of title,
Action to quiet title,
As is,
Assignment to creditors,
Attorney in fact,
Adjustable Rate Mortgage,
Advance rate,
Annual Percentage Rate,
Applicable federal rate,
Asset-based finance,
Asset conversion loan,
Assignment of mortgage,
Assumable mortgage,
A shares,
At the money,
Absorption rate,
Age-weighted plan,
Across the board,
Additional paid-in capital,
Against the box,
At the bell,
At the close,
At the figure,
At the full,
At the market,
At the opening order,
Automated Pricing and Reporting System,
Away from the market,
Back pay,
Below the line,
Books of final entry,
Books of original entry,
Burn rate,
Banking Act of 1933,
Benchmark interest rate,
Bid-to-cover ratio,
Bureau of Public Debt,
Broker loan,
Brought over the wall,
Buy the book,
Balance of payments,
Bank Rate,
Base interest rate,
Board of Governors,
Beneficial owner,
Breaking the syndicate,
Bill of exchange,
Bill of sale,
Breach of trust,
By the book,
Balloon loan,
Bank term loan,
Base rate,
Blended rate,
Bridge loan,
Broker loan rate,
Business finance companies,
B shares,
Buy and write,
Behavioral finance,
Break-even tax rate,
Blow-off top,
Breadth-of-market theory,
Beat the gun,
Capitalized interest,
Cost Of Goods Sold,
Cost of sales,
Compound interest,
Certificate of Participation,
Collateralized Mortgage Obligation,
Collaterized Loan Obligation,
Coupon rate,
Current production rate,
Call money rate,
Code of procedure,
Capitalization of income,
Capitalization rate,
Cap rate,
Civilian unemployment rate,
Cost of Living Adjustment,
Cost-of-living index,
Council of Economic Advisers,
Cash and carry trade,
Chasing the market,
Cheapest to deliver,
Chicago Board of Trade,
Cost-of-living rider,
Certificate of stock,
Cost of carry,
Certificate of title,
Cancellation of debt,
Certificate of Claim,
Character loan,
Chattel mortgage,
Classified loan,
Commercial finance,
Commercial mortgage,
Conforming loan,
Consolidation loan,
Consumer interest,
Conventional mortgage,
Cost of debt capital,
Cost of funds,
C shares,
Class of options,
Close to the money,
Certificate of Occupancy,
Cash or Deferred Arrangement,
Class A Shares,
Class B Shares,
Crash of 1929,
Crash of 1987,
Child and dependent care credit,
Coefficient of determination,
Cup and handle,
Certificate of delivery,
Close a position,
Cornering the market,
Curbs in,
Deposit in transit,
Date of issue,
Date of payment,
Deferred interest bond,
Day loan,
Division of Enforcement,
Division of Investment Management,
Division of Market Regulation,
Date of record,
Dividend in arrears,
Dividend rate,
Desk (the),
Discount rate,
Division of labor,
De-escalation clause,
De facto,
Doing business as,
Durable Power of Attorney,
Date of maturity,
Debtor in possession,
Debtor-in-possession financing,
Deed of Release,
Deed of Trust,
Demand loan,
Discharge of bankruptcy,
Discharge of lien,
Discount loan,
Deep in the money,
Deep out of the money,
Deed of Surrender,
Department of Housing and Urban Development,
Dogs of the Dow,
Depth of market,
Effective annual interest rate,
Eurodollar certificate of deposit,
Exact interest,
Escrowed to maturity,
Either-or order,
Exchange rate,
ECI,
Economic growth rate,
E-mini,
Exchange of spot,
Effective tax rate,
Ex-all,
Equitable owner,
Equity mortgage,
Evergreen loan,
Explicit interest,
Early exercise,
Early withdrawal penalty,
Employee Retirement Income Security Act of 1974,
First In First Out,
Federal Savings and Loan Association,
Federal Home Loan Mortgage Corporation,
Federal National Mortgage Association,
Finance,
Flight to quality,
Floating-rate bond,
Flow of funds,
Fill or kill,
Front-ending an order,
Floating exchange rate,
Foreign exchange rate,
Forward exchange rate,
Forward P/E,
Factors of production,
Favorable balance of trade,
Federal Reserve Discount Rate,
Form S-1,
Friends and family offering,
FHA Loan,
Finance charge,
Finance company,
First mortgage,
Fixed rate,
Fixed-rate loan,
Fixed-Rate Mortgage,
Floating rate,
Floor loan,
Forward interest rate,
Forward Rate Agreement,
Full faith and credit,
Family of funds,
Fund of funds,
Free and clear,
Free right of exchange,
Federal ID Number,
FIN,
Government National Mortgage Association,
G-7,
General Agreement on Tariffs and Trade,
G-8,
General mortgage,
Growing equity mortgage,
Growth and income fund,
Gather in the stops,
Hart-Scott-Rodino Act of 1976,
Hit the bid,
House of issue,
Health Insurance Portability and Accountability Act,
Heir,
Holder in due course,
Hang out loan,
High-ratio mortgage,
Home equity,
Home Equity Conversion Mortgage,
Home equity debt,
Home equity line of credit,
Home equity loan,
Home Mortgage Disclosure Act,
Home inspection,
Head and shoulders,
Hammering the market,
Held at the opening,
Holding the market,
Home run,
Interest-bearing,
In escrow,
Interest rate collar,
Interest rate risk,
Interest rate swap,
In-house,
Investment Advisor Act of 1940,
Investment Company Act of 1940,
In line,
Inflation rate,
Interest rate futures,
Interbank Rate,
Insurable interest,
Insider Trading sanctions Act of 1984,
Interest,
Interest expense,
Internal Rate of Return,
Indication of interest,
In intestacy,
Inter vivos trust,
Imputed interest,
Indexed loan,
Installment loan,
Insured mortgage,
Interest deduction,
Interest-only loan,
Interest rate,
Interest rate cap,
Interest rate ceiling,
Interest rate floor,
In play,
In-process research and development,
Interest rate option,
I/O strip,
Inchoate interest,
Interest-only strip,
In-service withdrawal,
Imbalance of orders,
In and out,
In sympathy,
In the tank,
Jointly and severally,
Jumping the gun,
Joint will,
Joint and several liability,
Joint mortgage,
Jumbo loan,
Joint and survivor annuity,
Last In First Out,
Lender of last resort,
Law of one price,
Lending at a rate,
Law of demand,
Law of supply,
London International Financial Futures and Options Exchange,
London Inter-Bank Offer Rate,
Loan stock,
Letter of comment,
Legal age,
Living will,
Line of credit,
Loan,
Loan note,
Loan schedule,
Loan sharking,
Loan-to-cost,
Loan-to-value,
Loan value,
Loan-value ratio,
Lock-in,
Long-term mortgage,
Leading the market,
Locked in,
Long-term gain or loss,
Level I quotes,
Mortgage-backed certificate,
Mortgage-backed security,
Mortgage bond,
Mortgage pass-through security,
Mortgage pool,
Make a market,
Margin loan,
Margin rate,
Mark-to-market,
Medium of exchange,
Marginal propensity to consume,
Mortgage life insurance,
Mortgage lien,
Market rate,
Money at call,
Morning loan,
Mortgage,
Mortgage banker,
Mortgage banking,
Mortgage broker,
Mortgage debt,
Mortgage interest deduction,
Mortgage note,
Mortgage rate,
Mortgage REIT,
Mortgage risk,
Mortgage servicing,
Mill rate,
Net interest margin,
Negotiable certificate of deposit,
Negotiable Order of Withdrawal,
Nominal rate,
Non-interest-bearing note,
Notice of Sale,
National Association of Securities Dealers,
National Association of Securities Dealers Automated Quotations system,
Null and void,
Non-conforming loan,
Note loan,
Notice of Default,
National Association of Real Estate Investment Trusts,
Normal retirement age,
Off-balance-sheet financing,
Off the books,
Office of Thrift Supervision,
Ordinary interest,
Out-of-favor,
Over-the-Counter,
Off-floor order,
Or better,
Operating rate,
Open interest,
Opinion of title,
On-the-spot loan,
Open-end mortgage,
Open mortgage,
Overlying mortgage,
Owner financing,
Out of the money,
Own,
Old age, survivors, and disability insurance,
Off-board,
On the opening,
Owner-employee,
Pooling of interests,
Profit and loss statement,
Pass-through coupon rate,
Payment-in-kind security,
Price Value of a Basis Point,
Purpose loan,
P&L,
Policy loan,
Private Mortgage Insurance,
Pour-over will,
Power of Attorney,
Package mortgage,
Partially amortized loan,
Participation loan,
Personal interest,
Piggyback loan,
Prepaid interest,
Prime rate,
Prioritization of debt,
Purchase-money mortgage,
Prime rate fund,
Paid-in capital,
Paid-in surplus,
Private Investment in Public Equity,
Preservation of capital,
Point-and-figure chart,
Painting the tape,
Reports and Records,
Retention rate,
Return of capital,
Run rate,
Real interest rate,
Rate covenant,
Real Estate Mortgage Investment Conduit,
Reading the tape,
Regulation D,
Regulation G,
Regulation T,
Regulation U,
Round of funding,
Rules of Fair Practice,
Rate of exchange,
Reciprocal of European terms,
Real economic growth rate,
Regulation A,
Right of first refusal,
Right of rescission,
Right to Know,
Rate-improvement,
Rate lock,
Recourse loan,
Renegotiable rate,
Rescheduled loan,
Residential mortgage,
Reverse-annuity mortgage,
Reverse mortgage,
Revolving line of credit,
Right of recourse,
Rollover mortgage,
Rule of 78,
Right of redemption,
Retirement Equity Act of 1984,
Risk/return trade-off,
Rate of return,
Real rate of return,
Selling, General and Administrative Expenses,
SG&A,
Savings and Loan,
Sight letter of credit,
Simple interest,
S&L,
Securities and Exchange Commission,
Spot rate,
Student Loan Marketing Association,
Securities loan,
Segregation of securities,
Sell the book,
Stock loan,
Savings rate,
Standard of living,
Swap rate,
Second-to-die insurance,
Short interest,
Short interest ratio,
Statute of Limitations,
Sale and leaseback,
Satisfaction of debt,
Secondary mortgage market,
Second mortgage,
Secured loan,
Security interest,
Security loan,
Self-amortizing mortgage,
Share appreciation mortgage,
Signature loan,
Single-payment loan,
Soft loan,
Stafford loan,
Standby loan commitment,
Start rate,
Structured finance,
Swing loan,
Staggered board of directors,
Selling the spread,
Selling short against the box,
Shorting against the box,
S Corporation,
Short-term gain or loss,
Standard mileage rate,
Subchapter M,
Subchapter S Corporation,
Schedule C,
Securities Act of 1933,
Securities Acts Amendments of 1975,
Securities Exchange Act of 1934,
Seek a market,
S&P phenomenon,
Stop and reverse,
Times interest earned,
T-Bill,
Term to maturity,
Take a position,
Trailing P/E,
Tenancy by the entirety,
Teaser rate,
Term loan,
Truth in Lending,
Two-step mortgage,
Tenancy at will,
Top hat plan,
The Street,
Timing the market,
Taxpayer Relief Act of 1997,
Tax Reform Act of 1986,
Tax Reform Act of 1993,
Take a bath,
U.S. Government Agency Security,
U.S. Savings Bond,
U.S. Treasury,
U.S. Treasury Bill,
U.S. Treasury Bond,
U.S. Treasury Note,
U.S. Treasury Securities,
Unemployment rate,
Unearned interest,
Unsecured loan,
Unit of trade,
Unit of trading,
Variable rate,
With interest,
Waiver of premium,
Working capital loan,
Wraparound loan,
Widow-and-orphan stock,
W-2 Form,
W formation,
When, as, and if issued,
When issued,
X or XD,
Year-To-Date,
Yield to call,
Yield to maturity,
Yield to worst,
Y shares
