ADJUSTMENT INTERVAL
The time period between changes of interest rates to an adjustable rate mortgage (ARM). There are two adjustment intervals that are often found on ARMs. The first interval is usually longer (typically 10,7,5, or 3 years) during which exists a fixed payment and interest rate. Subsequent to the rate interval is the periodic adjustment to the interest rate ( generally every 6 months or 1 year) all throughout the rest of the loan.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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