Super Finance Glossary

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Over 10,000 financial glossary terms...

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Glossary term Excise tax: Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol.
Glossary term Financial Close: The time when the documentation has been executed and conditions precedent have been satisfied or waived. Drawdowns are now permissible.
Glossary term Mean of the sample: The arithmetic average; that is, the sum of the observations divided by the number of observations.
Glossary term Rural Housing Service/Rural Development: An agency, within the U.S. Department of Agriculture, formerly called the Farmers Home Administration (FmHA). It administers assistance programs for purchasers of homes and farms in small towns and rural areas.
Glossary term Annual effective yield: Annual percentage yield