- Rollover (finance)
Rollover is a process whereby a
financial instrumentsuch as a CD is reinvested at maturity. It may also refer to the transfer of the balance of a 401kor IRA into another 401k or IRA account (i.e. rolling over a conventional IRA into a Roth IRAor a 401k from a former employer into a conventional IRA).
When talking about Payday Loans, a roll-over can be referred to as what happens when a borrower does not have enough money to pay back the loan when it is due. The borrower then borrows more money and the same rules apply (i.e. interest).
Peterson, C. L. (2005). Military families targeted for high-interest loans, UF professor says. University of Florida News. Retrieved May 9, 2006 from University of Florida News [http://news.ufl.edu/2005/03/29/military-payday/]
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Rollover — Most term loans in the Euromarket are made on a rollover basis, which means that the loan is periodically repriced at an agreed spread over the appropriate, currently prevailing LIBO rate. The New York Times Financial Glossary * * * rollover… … Financial and business terms
rollover — Means that a loan is periodically repriced at an agreed spread over the appropriate, currently prevailing rate. Most term loans in the Euromarket are made on a rollover basis as to current LIBOR rate . Bloomberg Financial Dictionary In relation… … Financial and business terms
Rollover (film) — Infobox Film name = Rollover image size =200px caption = writer = Howard Kohn David Shaber David Weir starring = Jane Fonda Kris Kristofferson Hume Cronyn music = Michael Small director = Alan J. Pakula producer = Bruce Gilbert associate producer … Wikipedia
rollover — [[t]ro͟ʊloʊvə(r)[/t]] rollovers 1) N COUNT: usu singular In a lottery draw, a rollover is a prize that includes the prize money from the previous draw, because nobody won it. 2) N COUNT: usu singular In finance, a rollover is when a loan or other … English dictionary
rollover — noun 1》 Finance the extension or transfer of a debt or other financial arrangement. 2》 Brit. (in a lottery) the accumulative carry over of prize money to the following draw … English new terms dictionary
roll something over — Finance contrive or extend a particular financial arrangement this is not a good time for rolling over corporate debt * * * ˌroll sthˈover derived (technical) to allow money that sb owes to be paid back at a later date • The bank refused to roll… … Useful english dictionary
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
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AT&T Mobility — AT T Wireless redirects here. For the defunct wireless provider that was merged into Cingular in 2004, see AT T Wireless Services. AT T Mobility LLC Type Private (subsidiary of AT T Inc.) Industry … Wikipedia