High-Yield Bonds
High-yield bonds are issued by organizations that do not qualify for “investment-grade” ratings by one of the leading credit rating agencies. For this reason, issuers of high-yield bonds must pay a higher interest rate to attract and to compensate them for the increased risk of default -- not paying interest or principal in a timely manner -- associated with investing in organizations of lower credit quality.
Holder of Record
The registered owner of a stock (security). Usually as of a specific date.
Home Equity Loan
Indicate the current amounts owed on any equity lines of credit you may have, as well as the current principal balance of any mortgages or lines of credit you may have on other properties owned.