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Securities
Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership such as options.
Negative Amortization
A situation in a loan where the monthly payments are not enough to cover the interest costs, causing the loan balance to increase rather than decrease over time.
Commission
A service fee charged by a broker or agent for facilitating transactions, such as in stocks or real estate.
Monthly Interest Charges
The amount of interest that accrues on a loan or debt and is payable on a monthly basis.
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