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Refinance and Mortgage Encyclopedia - call

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(1) An optionThe unilateral right to do something. For example, the right to renew a lease or purchase a property. contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder giving the buyerA market participant who takes a long futures position or buys an option. An option buyer is also called the right but not the obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs. to purchase a commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated or other assetThe entire property of a person, association, corporation, or estate applicable or subject to the payment of debts. or to enter into a long(1) One who has bought a futures contract to establish a market position; (2) a market position that futuresSee Futures Contract. positionAn interest in the market, either long or short, in the form of one or more open contracts.; (2) a period at the openingThe period at the beginning of the trading session officially designated by the exchange during which and the closeThe exchange-designated period at the end of the trading session during which all transactions are considered of some futures markets in which the priceThe dollar amount that was offered, asked, or actually paid for a property. for each futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined is established by auction; or (3) the requirement that a financial instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. be returned to the issuerThe public entity (state, political subdivision, agency, or authority) that issues securities in order to borrow money. prior to maturityThe time when a note, bond or other investment option comes due for payment to investors., with principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of and accrued interestThe interest on a student loan that begins to accrue (accumulate) after a student completes school. paidThis is the amount of tax posted as paid for the year in question, either in installment payments or off upon returnProfit from an investment; the yield.. See Buyer’s Call, SellerA person who makes a transfer of title to real estate.’s Call.

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Exercise of the right of the IssuerThe public entity (state, political subdivision, agency, or authority) that issues securities in order to borrow money. to prepay its debtThat which is due from one person or another; obligation, liability. prior to the specified maturity dateThe stated date on which all or a stated portion or the principal amount of a security becomes due and payable. and demandSchedule showing the amount of a good or service that would be purchased at various prices during a given period. surrenderTo terminate or cancel a life insurance policy before the maturity date. In the case of a cash value of its BondsLoans that investors make to corporations or governments. It is a type of investment where the issuer for redemptionThe right, in some states, for an owner of lien holder to satisfy the indebtedness due on a mortgage, refundingThe sale of an new Issue, the proceeds of which are to be used to pay debt service on and retire an or sinking fundFund set aside from the income from property which, with accrued interest, will eventually pay for replacement purposes on a specific date at a specified priceThe dollar amount that was offered, asked, or actually paid for a property. at or above par(1) Refers to the standard delivery point(s) and/or quality of a commodity that is deliverable on a.

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The ability of a bondWritten evidence of an obligation given by a corporation or government entity. A surety instrument. issuerThe public entity (state, political subdivision, agency, or authority) that issues securities in order to borrow money. to redeemTo buy back; repurchase; recover. a bond before its maturity dateThe stated date on which all or a stated portion or the principal amount of a security becomes due and payable..
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