ADJUSTABLE-RATE MORTGAGE - ARM
A kind of mortgage wherein the interest rate which serves as a payment for outstanding balance may differ according to a particular benchmark. The initial interest rate, most often, is fixed within a certain time period after which will be reset after a certain period, most of the time every month. The borrower will base the interest rate on a benchmark and on a spread, called an ARM margin.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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