Stock Market. The stock market is the community of individuals and corporations engaged in the buying and selling of shares of companies, called stocks, on the open market. Shares of stock are traded on a stock exchange and are tracked on indices such as the New York Stock Exchange and the Nasdaq. In the U.S., the stock market is commonly referred to as Wall Street, the eight-block region in lower Manhattan in New York where many of the nationâs major financial institutions are based.
Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms.
There are numerous ways to prove that a borrower has a net tangible benefit in a refinance. It is important to understand that the ânetâ part of the equation means that the benefits outweigh the costs; otherwise the transaction might not make sense. An example of a positive net tangible benefit would be a rate and term refinance that you think is going to benefit you because the rate is lower.