Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• REDUCTION CERTIFICATE (PAYOFF STATEMENT) - The document signed by a lender indicating the amount requir...
  
  
• REDUCTION-OPTION LOAN (ROL) - A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL matches the...
  
  
• REFCORP - Resolution Funding Corporation
  
  
• REFERENCE ASSET - A term used in credit swap transactions to identify the underlying instrument. In the...
  
  
• REFERENCE RATE - An interest rate used as an index rate. For example, if a loan pays interest at a rate...
  
  
• REFERENDUM - when a legislative act is referred for final approval to a popular vote by the electorate,...
  
  
• REFERRAL - A recommendation, a suggestion to a client of the value of the services of a person or firm....
  
  
• REFERRAL SITE - A mortgage web site that introduces potential borrowers to participating lenders, in so...
  
  
• REFINANCE - If market interest rates drop below the rate you paid when you took a fixed-rate mortgage o...
  
  
• REFINANCE TRANSACTION - The process of paying off one loan with the proceeds from a new loan using the ...