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.
Cash-In Refinance. Cash-in refinance mortgages are the opposite of the cash-out refinance. With a cash-in refinance, a refinancing homeowner brings cash to closing in order to pay down the loan balance and the amount owed to the bank.The cash-in mortgage refinance may result in a lower mortgage rate, a shorter loan term, or both.ash-In Refinance. Cash-in refinance mortgages are the opposite of the cash-out refinance. With a cash-in refinance, a refinancing homeowner brings cash to closing in order to pay down the loan balance and the amount owed to the bank.