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.
An auto refinance loan is a secured loan used to pay the existing balance on a current car loan. The car is used as collateral for the new refinanced loan. The refinanced car loan has a fixed interest rate and fixed monthly payments for a set period of time. 1  Benefits.2  Application Checklist. 3  Co-Applicants.f you are approved to refinance your car loan, you may be able to: 1  Lower your interest rate. 2  Reduce your monthly payments. 3  Access funds for your financial needs. 4  Enjoy convenience and flexibility. 5  Take a pause in your payment cycle. 6  Have peace of mind.