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Derivative (finance) - A derivative is a financial contract whose payoffs over time are derived from the performance of assets (such as commodities, shares or bonds), interest rates, exchange rates, or indices (such as a stock market index, consumer price index (CPI) or an index of weather conditions). This performance can determine both the amount and the timing of the payoffs, and these payoffs can be in cash, as well as be the delivery of the underlying asset.
Bridge loan - A bridge loan (or swing loan) is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance projects.
Savings and Loan crisis - The Savings and Loan crisis of the 1980s was a wave of savings and loan failures in the USA, caused by rising interest rates, fluctuation in real estate values, deregulation, lack of regulatory oversight, mismanagement, failed speculation, and, in some cases, fraud. Over 1,000 savings and loan institutions failed.
Package loan - A package loan is a real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances.
Scott Financial Services - Offers competitive finance rates for all new and used boat loans.
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