Yield Spread Premium (YSP)

Business / Loan / Yield Spread Premium (YSP): This is a payment made by a lender to a mortgage broker in connection with a borrower's mortgage transaction. It is shown on the Settlement Statement (HUD-1), but often in a way that is difficult to understand. For example, a $1,000 yield spread premium may be shown as 'YSP POC 1000.' Borrowers are often unaware that the YSP payment is being made. The payment of a YSP by a lender affects the interest rate charged to the borrower.

Other Words for Premium

Premium Verb Synonyms: incentive, inducement, stimulus, incitement, lure, bait, spur, goad, reward, come-on, freebie
Premium Noun Synonyms: bonus, extra, dividend, prize, award, reward, perquisite

Other Words for Spread

Spread Noun Synonyms: grow, develop, increase, broaden, expand, extend, widen, enlarge, mushroom, proliferate, sprawl, branch out, metastasize

Other Words for Yield

Yield Adverb Synonyms: surrender, give up (the fight or struggle), give in, knuckle under, submit, cede, cry quits, throw in the towel or the sponge, capitulate, succumb, raise the white flag
Yield Conjunction Synonyms: return, production, output, revenue, takings, gate, earnings, income, proceeds, profit, gain

Selling The Spread

Business / Finance / Selling The Spread: A spread whose option to be sold is trading at a higher premium than the option to be bought. MORE

Share Premium

Business / Accounting / Share Premium: The extra paid above the face value of a share. Example: if a company issues its shares at $10 each, and later on you buy 1 share on the open market at $12, you will be paying a share premium of $2 MORE

Single-Premium Deferred Annuity (SPDA)

Business / Finance / Single-Premium Deferred Annuity (SPDA): A bond that makes only one payment of principal and interest. MORE