What Is a Title Binder? A title binder is a temporary form of real estate insurance coverage related to the transfer of ownership. A title binder is typically used to protect both the seller and buyer of a real estate property during the transitional phase of a sale when the seller’s and buyer’s home insurance
What Is a Title Loan? A title loan is a loan that requires an asset as collateral. Title loans are popular for two key reasons. First, an applicant’s credit rating is not taken into consideration when determining qualifications for the loan. And second, thanks to looser application requirements, a title loan can be approved very
What Is a Title Search? The term title search refers to the examination of public records to determine and confirm a property’s legal ownership. Title searches are conducted through many sources, including deeds, tax liens, land records, court judgments, among others. Normally conducted by title companies, searches can be ordered by individuals and businesses at
What Is the TMX Group? The TMX Group is a large Toronto-based financial services company that operates the Toronto Stock Exchange (TSX), TSX Venture Exchange, Montreal Exchange, and TSX Alpha Exchange. The group operates exchanges for derivatives, equity, and fixed income trades through trading, clearing, depository, and settlement services. Key Takeaways TMX Group operates the Toronto Stock Exchange, TSX
What Is a Tobacco Tax/Cigarette Tax? A tobacco or cigarette tax is a tax imposed on all tobacco products by various levels of government, often with the alleged goal of reducing tobacco use or at least generating revenues earmarked to fund related healthcare programs. The terms “Tobacco Tax” and “Cigarette Tax” are used interchangeably. Key
What Is Today’s Low? Today’s low is a security’s intraday low trading price. Today’s low is the lowest price at which a stock trades over the course of a trading day. Key Takeaways Today’s low is the lowest price that a stock trades in that day.It can be difficult to predict a stock’s intraday low.
What Is a Toggle Note? A toggle note is a type of payment-in-kind (PIK) bond in which the issuer has the option to defer an interest payment by agreeing to pay an increased coupon in the future. With toggle notes, all deferred payments must be settled by the bond’s maturity. Key Takeaways A toggle note
What Is Tokenized Equity? Tokenized equity refers to the creation and issuance of digital tokens or “coins” that represent equity shares in a corporation or organization. With the growing adoption of blockchain, businesses are finding it convenient to adapt to the digitized crypto-version of equity shares. Tokenized equity is emerging as a convenient way to raise
What Is the Tokyo Commodity Exchange (TOCOM)? The term Tokyo Commodity Exchange (TOCOM) refers to a commodities futures exchange located in Tokyo. The exchange was founded in 1984 as a result of the merger between the Tokyo Textile Exchange, the Tokyo Rubber Exchange, and the Tokyo Gold Exchange. It is the largest exchange of its
What Is a Toll Revenue Bond? The term toll revenue bond refers to a municipal bond that makes principal and coupon payments from toll revenues. Capital from bondholders is used to construct projects, and money generated from them—toll road revenue—is used to pay them back. These bonds are a subcategory of highway and transportation bonds
