AMOUNT FINANCED
It is credit’s actual amount that is made available through a lone to a borrower according to the Regulation Z disclosure requirements as stated in the Truth in Lending Act. To be specific, it is the principal loan amount minus the prepaid finance charges like adjusted interest, so-called points, loan origination fees, and other deposit balance that is required. It is actually used in calculating the percentage rate annually.
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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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