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 

• REMIC - Real Estate Mortgage Investment Conduit (q.v.). A "pot" of real estate mortgage assets, sometim...
  
  
• REMIC (REAL ESTATE MORTGAGE INVESTMENT CONDUIT) - A product of the Tax Reform Act of 1986, REMICs are d...
  
  
• REMIT - To pay for purchases by cash, check, or electronic transfer.
  
  
• REMITTANCE - funds transferred from one party to another as payment for purchased goods or services.
  
  
• REMITTANCE FEE - A charge made by the lender for sending mortgage funds to your solicitor just before t...
  
  
• REMITTANCE FLOAT - Float due to the time a payment is in transit. This is often called mail float since...
  
  
• REMITTING BANK - a bank that sends a draft to the overseas bank for collection.
  
  
• REMORTGAGE - When you move your mortgage to another lender. You might be able to get a better deal, but...
  
  
• REMOTE DISBURSEMENT - An arrangement by which an organization’s checks are drawn against funds in a ban...
  
  
• REMOVAL AND PROHIBITION (R&P) ORDER - an enforcement order issued by the Office of Thrift Supervision f...