CREDIT CRISIS
Crisis which takes place when several financial institutions limit lending availability due to intra-bank lending restrictions from a central bank. As borrowers begin to default, the financial institutions that issued the loans no longer receive payments. It is followed by a period in which financial institutions set higher credit requirements for borrowers.
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Tenants by Entirety - TBE
Method in certain states where married couples can hold the property title with rights of survivorship. The consent of both spouses is required if ...
Prime Underwriting Facility
A kind of revolving underwriting facility. Prime underwriting facilities peg the lender's yield to the bank's prime rate. Most prime underw ...
Invisible Hard Market
A property or casualty insurance market phenomenon in which the market is hardening, seeing trimmed supply and higher prices, but the usually optim ...
Conforming Loan
Mortgage equivalent or less than the amount established by the conforming loan limit. In the United States, the Office of Federal Housing Enterpris ...
Negative Arbitrage
It occurs when a borrower’s interest rate that he or she pays on its debt is bigger than the interest rate a borrower earns on the money that ...
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Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
The Concepts of Economics: Scarcity
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | Foreign Securities Purchases | Apr | |
| 14:30 | NY Fed Empire State manufacturing index | Jun | |
| 16:00 | NAHB Housing Market Index | Jun | |
| 19:00 | ECB President Mario Draghi Speaks | ||
| 20:45 | BOC Deputy Governor Lawrence Schembri Speaks | ||
| 22:00 | TICS | Apr | |
| 23:00 | Westpac Consumer Confidence | 2 quarter | |
| 03:30 | Monetary Policy Meeting Minutes |
