Money St takes the "mystery" out of bank terminology with this Glossary of Terms.


A-E | F-S

Mortgage
Any interest in, or power over, property securing the obligations of a debtor or guarantor. This can include real property mortgages, security over a term deposit, equitable mortgages and chattel securities.

Settlement Date
Date on which you, the new owner, will pay in full for the property with the help of the lender. An important date for all parties - new owner, vendor (seller), each party's solicitors/conveyancers and the lender. The settlement date is also called the "Draw down" date, as this is the date the loan is usually fully drawn.

SmartBond
SmartBond is an electronic Deposit Bond processing platform with a range of features that includes secure Internet application forms, online processing, commission tracking, automatic updates and detailed reporting.

Standard & Poors
Standard & Poor's is acknowledged as the global financial benchmark whose financial ratings, analysis and information help people throughout the world make well-informed financial decisions.
Standard & Poor's insurance rating services employs specialized financial analysts around the world who regularly report on the financial strength of some 4,000 insurers and reinsurers worldwide.

It's not in your glossary of terms?
If you still need an answer, and it's not provided here, simply e-mail us with your enquiry. We will give you the information, and update our Glossary of Terms. E-mail us: info@moneyst.com.au