Early Repayment Charge and Shareholder: Difference between pages

Revision as of 14:05, 25 June 2016

The owner of shares in a company.

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-''Banking - mortgage lending''
+The owner of shares in a company.
-(ERC).
-A charge levied on customers who wish to repay a fixed rate mortgage loan, or certain other mortgage loans, early.
-Sometimes known as an Early ''Redemption'' Charge.
-The amounts of ERCs which lenders can recover from customers in practice may be less than the full amounts in the loan agreements or the break costs to the lender, on the basis that retail customers cannot reasonably be expected to understand them, and - to that extent - are not necessarily legally enforceable in full.
 == See also ==
-* [[Interest rate risk]]
+* [[Common stock]]
-* [[Mortgage]]
+* [[Company]]
-* [[Option risk]]
+* [[Equity]]
-* [[Pipeline risk]]
+* [[Equity capital]]
-* [[Prepayment]]
+* [[Ordinary shares]]
-* [[Prepayment risk]]
+* [[Preference shares]]
+* [[Reserves]]
+* [[Security]]
+* [[Share]]