Truth-In-Lending Act

Business / Taxes / Truth-In-Lending Act: The Truth-in-Lending Act requires every lender to provide a complete and clear disclosure of the key terms of any lending or leasing arrangement, plus a statement of all costs, before the agreement is finalized. The statement must include the finance charges stated in dollars and as an annual percentage rate (APR). For most loans, it must also include the total of the principal amount being financed, all the interest, fees, service charges, points, credit-related insurance premiums, payment due date and terms, and any other charges. The consumer lending section of the Act, which was first passed in 1968 and then simplified and reformed in 1980, is also known as Regulation Z. The consumer leasing section is known as Regulation M.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Noncash Transactions

Business / Accounting / Noncash Transactions: Investing and financing activities that do not affect cash: if significant, they are disclosed below the statement of cash flows or in the notes to the financial statements. MORE

Node Factor (F)

Science / Tides and Currents / Node Factor (F): A factor depending upon the longitude of the Moon's node which, when applied to the mean coefficient of a tidal constituent, will adapt the same to a particular year for which predictions are to be ma MORE

Normal Investment Practice

Business / Finance / Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue. MORE

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