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 

• ORIGINAL MATURITY - Maturity at issue. For example, a five-year note has an original maturity of five y...
  
  
• ORIGINAL PRINCIPAL BALANCE - Same as ORIGINAL FACE VALUE - The principal amount owed on a mortgage on t...
  
  
• ORIGINAL-ISSUE DISCOUNT (OID) - The amount of the difference between the par or redemption price and th...
  
  
• ORIGINATE A LOAN - to make or issue a loan; the process whereby a lender qualifies a borrower, appraise...
  
  
• ORIGINATING DEPOSITORY FINANCIAL INSTITUTION (ODFI) - a financial institution that initiates ACH entrie...
  
  
• ORIGINATION - The process of preparing, submitting, and evaluating a loan application; generally includ...
  
  
• ORIGINATION FEE - An upfront fee charged by some lenders, usually expressed as a percent of the loan am...
  
  
• ORIGINATION FEE DEFINITION - The fee you will pay to your lender to cover the costs of processing your ...
  
  
• ORIGINATION POINTS - A fee imposed by a lender to cover certain processing expenses in connection with ...
  
  
• ORIGINATION PROCESS - Process in which a lender solicits business, gathers required information and com...