repayment of principal
41Adversely Classified Asset — A type of loan classification in which the loan or other asset is considered, to some degree, to be impaired. It is an asset that is considered by bank examiners to be of substandard credit quality and whose full repayment of principal and… …
42Bullet Bond — A noncallable regular coupon paying debt instrument with a single repayment of principal on the maturity date. Sometimes referred to as a virgin bond …
43Refinancing Risk — 1. The risk that an early unscheduled repayment of principal on mortgage backed securities(MBS) will occur when the underlying mortgages are refinanced by borrowers. All MBS buyers assume some level of prepayments in their initial yield… …
44Letter of credit (L/C) — A form of guarantee of payment issued by a bank used to guarantee the payment of interest and repayment of principal on bond issues. The New York Times Financial Glossary …
45letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… …
46Perpetual Note — A floating rate note that has no final maturity, and therefore has no arrangement for repayment of principal. For this privilege, the borrower pays a higher margin over a relevant base interest rate. As they will never be repaid, the notes… …
47debt service ratio — DSR The proportion of annual export earnings needed to service a country s external debts, including both interest payments and repayment of principal. The DSR is an important statistic, indicating the severity of a country s indebtedness. The… …
48prepreference — “+ adjective Etymology: pre + preference Britain : having priority over preference shares or bonds either as to payment of interest or dividends or as to security for repayment of principal * * * /pree pref euhr euhns, pref reuhns/, adj. Brit.… …
49FISHEL — (Fischel), wealthy family prominent in Jewish societyin cracow Kazimierz, Poland, at the close of the 15th and first half of the 16th century; named after EPHRAIM FISHEL with whom the family arrived in Cracow from Bohemia. He and his four sons… …
50paydown — Repayment of loan but in an amount less than entire principal of loan. See also payment (part payment) …
