Loan Dictionary - LE group - Letter Of Testamentary, Letter Of Transmittal, Letter Stock, Letters Of Credit, Letters Of Guarantee, Level, Level Debt Service, Level Factor Amortization, Level Load, Level Pay

Business and Personal Finance Dictionary

LETTER OF TESTAMENTARY - A certificate issued by the court evidencing the appointment of an executor of...
LETTER OF TRANSMITTAL - A document used by security holder to accompany certificates surrendered in an ...
LETTER STOCK - Privately placed common stock, so-called because the SEC requires a letter from the purc...
LETTERS OF CREDIT - These mechanisms are used by exporters and importers, and usually provided by the i...
LETTERS OF GUARANTEE - There are many types of letters of guarantee. These types of letters of guarante...
LEVEL - Used in the context of general equities. Price measure of an indication.
LEVEL DEBT SERVICE - Principal and interest payments that, together, represent more or less equal annua...
LEVEL FACTOR AMORTIZATION - Perhaps the best method of accounting for MBS premiums and discounts is the...
LEVEL LOAD - Some mutual funds impose a recurring sales charge, called a level load, each year you own ...
LEVEL PAY - Scheduling principal and interest payments (P&I) due under a mortgage so that total monthly...