CONSTANT DEFAULT RATE - CDR
Annualized default rate on a pool of mortgages, usually within a collateralized product including mortgage-backed security (MBS). This rate represents the percentage of outstanding principal balances in the pool that have defaulted, which includes a 60-day and 90-day notices, as well as those in the foreclosure process. The analysis accounts if a home is in foreclosure, the mortgage servicing firm advances the interest and principal payments into the MBS.
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Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
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Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
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The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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