Related Words

And Interest: An indication that the buyer will receive accrued interest in addition to the price quoted for a bond.

Interest-Only Loan: A loan in which payment of principal is deferred and interest payments are the only current obligation.

P and I: Stands for principal and interest on bonds or mortgage-backed securities.

Interest Expense: Tax on foreign investment by residents of the U.S. which was abolished in 1974.

Interest On Interest: Money received by a business in exchange for the use of capital for a specified time period. On the income statement, 'Interest Expense (Income)' is a single account that is the net amount o . . . View Full Definition

Savings and Loan Associations (S and Ls): Financial institutions that provide loans and interest-bearing accounts. Accounts in federally chartered S & L’s are federally insured.

Earnings Before Interest And, Taxes (EBIT): Net income before income tax expense and interest expense. This is a popular measure for comparing the earning power of companies, because it eliminates the impact of capital structure and e . . . View Full Definition

Cost Insurance And Freight (CIF): In general, c.i.f. Means that the seller’s price includes the cost of the goods, the marine insurance, and all transportation charges to the named point of destination. Similar terms include . . . View Full Definition

Public Lands: As defined in the Federal Land Policy and Management Act, public lands are any land and interest in land outside of Alaska owned by the United States and administered by the Secretary of the . . . View Full Definition

Portland Cement: Cement made by heating clay and crushed limestone into a brick and then grinding to a pulverized powder state.