COLLATERALIZED MORTGAGE OBLIGATION - CMO
Mortgage-backed security where principal repayments are organized based on its maturities and grouped into classes according to its risk profile. Serving as collateral, this special purpose entity can eliminate the risks connected to repayment since every security is divided into maturity classes paid off in order. Therefore, CMOs yield less than other types of mortgaged-backed securities. Income received from these is given to investors according to a preset rules, and investors receive money based on the tranche.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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