CORPORATE REFINANCING
Process in which a company reorganizes its debt structure, either by replacing or restructuring prevailing debts. This may also refer to issuing equity to pay a percentage of debt. A company replaces or refinances a debt which is generated by creating or issuing other borrowing. In restructuring, a firm works with its creditor to change the terms of a loan including deduction of interest rates, extension, or improvement of covenants.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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