The Layman's Financial Crisis Glossary
The act of bringing an industry or assets like land and property under state control.
Refers to a situation in which the value of your house is below the amount of the mortgage that still has to be paid off.
When a company issues a statement indicating that its profits will not be as high as it had expected. Also profits warning.
Bonds are rated according to their safety from an investment standpoint – based on the ability of the company or government that has issued it to repay.
Ratings range from AAA, the safest, down to D, a company that has already defaulted.
Security lending is when one broker or dealer lends a security to another for a fee. This is the process that allows short selling.