Amount Financed: A required Truth in Lending Act disclosure for consumer loans. It is calculated by starting with the full amount borrowed (principal) and subtracting out the dollar amount of prepaid finance charges (finance charges the borrower is paying in advance).

 

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Amount Financed: A required Truth in Lending Act disclosure for consumer loans. It is calculated by starting with the full amount borrowed (principal) and subtracting out the dollar amount of prepaid finance . . . View Full Definition

Principal Amount: The face amount of debt; the amount borrowed or lent. Often called principal.

Seamount: A mountain on the sea floor that has at least 1000 meters of local relief. Most seamounts are shield volcanoes. (See also Guyot.)

Summation Layer Amount: The amount of sky cover for each layer is given in eighths of sky cover attributable to clouds or obscurations. The summation amount for any given layer is equal to the sum of the sky cover . . . View Full Definition

Zero-Bracket Amount: A portfolio constructed to have zero systematic risk, similar to the risk-free asset, that is, having a beta of zero.

Paid Amount: The exact amount issued on a bank draft to the provider of service.

Notional Principal Amount: In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based.

Annual Maximum Benefit Amount: The maximum dollar amount set by an MCO that limits the total amount the plan must pay for all healthcare services provided to a subscriber in a year.

Charge Amount: The amount billed by a provider for services rendered to a participant.

Face-Amount Certificate: Fifth letter of a Nasdaq stock symbol specifying that the issue is a foreign company.