CONVERSION OPTION
Clause associated with some adjustable-rate mortgages allowing the borrower to exchange the variable interest rate to a fixed rate over a particular time period or at certain future dates. It is not free; an adjustable-rate mortgage with this option will normally have a greater margin. Therefore, it has a higher fully indexed interest rate or higher costs than this mortgage with a conversion option.
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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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