AFFIDAVIT OF LOSS
A document which declares the physical loss of a security. It often happens through destruction in a flood/fire or theft. All details regarding the loss is enveloped on the affidavit, including the name of the owner and any information regarding the security such as the date of issuance and serial number. A letter of indemnity, which requests the replacement of the security, may be issued once the statement has been made.
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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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