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Q: what is the "special finance"?

Category: glossary , Asked by: Demarcus I. From Carrollton, United States

A: "special finance " is A sector of the auto lending industry for borrowers with a limited or tainted credit history. Special financing in the auto finance industry is risk based, which means that the terms of the loan are set so that the expected returns to the lender/investor are great enough to cover the risk of default by the borrower. Special finance loans typically carry a higher interest rate than is available to borrowers with a clean credit history. Special finance auto loans should be shopped around by a borrower. Like any other product, auto financing is competitive. The best way a consumer can ensure that he or she is getting a competitive market price (rate) on a special finance loan is to shop around. Visit ODL Securities Inc.

  1. Q: Can you suggest a forex site with soothing mobile-friendly interface?

    Category: platform , Asked by: X. Pierce from Monaco-Ville, Monaco

    A: Definitely "ForexWebTrader" - the graphics are great and the interface is an absolutely attractive one. Their mobile friendly platform has become one of the leading examples of how a web forex trading environment should look.

  2. Q: do you know what a "the world bank" is?

    Category: glossary , Asked by: P. T. From New Orleans, United States

    A: An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts. Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries. Today, the Bank functions as an international organization that attempts to fight poverty by offering developmental assistance to middle and poor-income countries. By giving loans, and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people help themselves.

  3. Q: do you know what the "icahn lift" is?

    Category: glossary , Asked by: U. Rich from United Kingdom

    A: The name given to the rise in stock price that occurs when Carl Icahn begins to purchase shares in a company. The Icahn lift occurs because of Mr. Icahn's reputation for creating value for the shareholders of the companies in which he takes an interest. Carl Icahn is most famous for his work as an activist shareholder, but has also been referred to as a corporate raider. He purchases shares in a company that he believes is undervalued, and then creates a plan to fix the problems. This usually involves spinning off profitable segments, changing management, cutting costs and buying back stock.

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