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.
If you have equity on the car -- meaning you owe less than it is worth -- you may end up with some cash when you refinance. The refinancing lender loans you the amount that the car is worth, you pay off your old loan and get to keep the difference while maintaining a new monthly refinance payment.f you have equity on the car -- meaning you owe less than it is worth -- you may end up with some cash when you refinance. The refinancing lender loans you the amount that the car is worth, you pay off your old loan and get to keep the difference while maintaining a new monthly refinance payment.