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One hundred percent commission plan
One hundred percent commission plan Some firms have adopted a 100 percent commission plan. Salespersons in these offices pay a monthly service charge to their brokers to cover the costs of office space, telephones and supervision in return for keeping 100 percent of the commissions from the sales they negotiate.
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Commission
Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale, usually a percentage of the sale price (6 to 7 percent on houses, 10 percent on land).
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One hundred and eighty-two day T-bill auction average discount rate
The U.S. government issues short-term debt at a discount at a competitive auction, usually on a weekly basis. At a discount means the note is sold at a discount from face value and then redeemed at maturity at the full face value.
One stop shopping
An arrangement where settlement and service providers are all available through the broker.
One year ARM
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
One year ARM refinance
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
One year treasury spot index
This index is the weekly average interest paid by the u.s. government on funds borrowed for one year. It changes more slowly than the cd index.
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Office of Thrift Supervision
A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
Office property
Income-producing commercial property from which a particular service is rendered.
Offsite improvements
Improvements made outside of a property's boundaries, such as sidewalks and streets.
Oil and gas lease
A grant of the sole and exclusive right to extract oil and-or gas from beneath the surface of land.
Ombudsman
The independent person responsible for investigating complaints made about member institutions.
One hundred percent commission plan
One stop shopping
An arrangement where settlement and service providers are all available through the broker.
One year treasury spot index
This index is the weekly average interest paid by the u.s. government on funds borrowed for one year. It changes more slowly than the cd index.
One-year adjustable
Mortgage whose annual rate changes yearly; the rate is usually based on movements of a published index plus a specified margin, chosen by the lender.
One-Year Treasury Constant Maturity
An index published by the Federal Reserve Board based on the average yield of a range of Treasury securities, all adjusted to the equivalent of a one-year maturity.
Online banking
Access by personal computer or terminal to bank information, accounts and certain transactions via the financial institution’s web site on the Internet.
This dictionary contains 6433 terms. |
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