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Because the required net capital amount is a "cushion" or "buffer" to cover a broker-dealer's continuing operating costs as it liquidates and any exceptional losses in selling assets already discounted in computing net capital, the required level of net capital is measured against a much more limited amount of liabilities or assets than ...
Brokers usually charge a small percentage of the loan amount (generally 1 to 2 percent) for their services, which the lender pays for (but passes on to you as part of the cost of your mortgage).
In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and derivatives trading process.
Mortgage bankers are often confused with mortgage brokers, but they’re very different. A mortgage banker is tied to one financial institution, while a mortgage broker works independently of lenders.
Brokers can also help you have particular requirements, like a low down payment, or a special status (you’re a military veteran, a recent bankrupt, etc.) Mortgage lender vs. mortgage broker
The cost of carry or carrying charge is the cost of holding a security or a physical commodity over a period of time. The carrying charge includes insurance , storage and interest on the invested funds as well as other incidental costs.
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For example, assume a company has an investment in Company A bonds with a carrying amount of $37,500. If their market value falls to $33,000, an impairment loss of $4,500 is indicated and the impairment cost calculated as follows: $ $ = $ This is recorded as a loss of $4,500 in the income statement.