Business and Personal Finance Dictionary

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• 529 COLLEGE SAVINGS PLAN - A savings plan sponsored by a state to assist with saving money to cover the...
  
  
• 529 PLANS - Named after the section of the tax code that establishes them. Offered by states to allow f...
  
  
• 6 BID AT 7 - Floor trader language meaning that the trader is making a market, bidding 6 and offering a...
  
  
• 6 FOR 50 - Floor trader language meaning that the trader is bidding 6 (or 6/32nds, etc.) per contract o...
  
  
• 6-MONTH NOTE - A municipal note (debt security) having a maturity of six months.
  
  
• 7 YEAR ADJUSTABLE (ARM) - A loan with a fixed rate for the first 7 years that has a rate that changes o...
  
  
• 7-YEAR BALLOON MORTGAGE - The payment is calculated over a stated term and the balance must be repaid o...
  
  
• 7/23 AND 5/25 MORTGAGES - Mortgages with a one time rate adjustment after seven years and five years re...
  
  
• 7/52 - Refers to 7 days per week and 52 weeks per year for customer service, support, or availability.
  
  
• 8-K - a document required by the SEC to announce certain significant changes in a public company, such ...