Bankrate's financial glossary
Did you run across an unfamiliar term when applying for a mortgage, credit card
or auto loan? Find the meaning here, along with definitions of other financial words
and phrases, in Bankrate.com's financial glossary.
A bid for a property that the owner will consider if the current transaction falls through.
One one-hundredth of a percentage point. The difference between 8.04 percent and 8.05 percent is one basis point.
Blue sky laws
Regulations to protect people from investing in fraudulent companies.
Standard, routine language in legal documents.
1. To get a loan of money. 2. Sand, gravel or other material used for grading.
A hole from which topsoil, gravel or other material has been removed for use in a construction project.
Breach of warranty
A determination that a seller cannot pass clear title of property to a buyer.
Refined features or materials that a builder offers for an extra charge.