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GPM

It stands for graduated payment mortgage; a fixed rate mortgage that entails low payment (of interest and repayment of principal) in...

FRCD

If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

MLCD

It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...

ZBA

It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...

Variable Rate CD

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

Discount CD

A certificate of deposit (CD) that pays no periodic interest to the holder. However, its return comes from it being...

APR

An abbreviation for annual percentage rate; it is the interest rate (charged for borrowing or made by investing) as calculated...

Designer CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

HEL

An abbreviation for home equity loan; a type of high risk loan which is designed to facilitate lending secured by...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...