DEBT ASSIGNMENT
A transfer of debt, and all the rights and obligations associated with it, from a creditor to a third party. Debt assignment may occur with both individual debts and business debts. The company assigning the debt may choose to do so in order to improve its liquidity and/or to reduce its risk exposure. The debtor must be notified when a debt is assigned so that he or she will know who to make payments to and where to send them. If the debtor sends payments to the old creditor after the debt has been assigned, it is likely that the payments will not be accepted, which could cause the debtor to unintentionally default.
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Tax-Exempt Sector
Market niche comprised of investment instruments exempt from federal taxes. Almost all investments in this group are municipal bonds, which is tax- ...
Barratry
An unlawful act wherein an attorney encourages the filing of a lawsuit or otherwise instigate a dispute, in order to earn a profit from legal fees. ...
Reverse Repurchase Agreement
It is the purchase of a security with the agreement to sell it at a higher price at a certain future date.
Expense Ratio
Gauge determining the costs an investment firm to operate a mutual fund. Computed annually, it is determined by dividing the operating expenses by ...
Eurocurrency
Currency deposited by corporations or national governments in banks outside their country of origin. Also called euromoney.
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| Time | Country | Indices | Period |
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| 02:00 | MI Inflation Gauge | Dec | |
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