ABILITY TO REPAY
The financial capacity of a particular individual to harvest a positive outcome on a debt. The phrase "ability to repay" was specifically mentioned in the Title XIV, the Mortgage Reform and Anti-Predatory Lending Act, of the Wall Street Reform and Consumer Protection Acts by Dodd-Frank in 2010 for the intention of describing the requirement wherein mortgage originators must prove that the potential borrower's could afford the mortgage that they are applying for. Originators are obligated to check at the total current income and existing debt of the borrower, for example, to make sure that the potential mortgage debt, required insurance, property taxes plus the existing debt will not exceed a stated percentage of the borrower's income.
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Qatar Investment Authority - QIA
This government-own entity in Qatar is in charge of managing Qatar’s wealth fund. Sovereign wealth fund is mainly gas revenues and excess oil ...
Watercraft Non-owned Insurance
Watercraft Non-owned Insurance is a type of insurance that provides financial coverage to a policyholder who is operating a marine vessel that is o ...
Department Of Labor - DOL
A department in a government that is responsible for standards in occupational safety, wages, and insurance benefits .
QQQQ
QQQQ is a ticker symbol for an exchange-trade fund that tracks the technology-heavy NASDAQ 100 index and trades on the nasdaq stock market.
Land Lease Option
An option in a lease contract, which grants the lessee the right to lengthen the lease period beyond the specified original time frame. Normally, t ...
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