DECREE OF FORECLOSURE AND SALE
A declaration made by a court indicating that a piece of property is to be sold in order to cover outstanding debts. A decree of foreclosure and sale is most frequently used on a mortgaged property, with the proceeds from the sale going to the mortgage lender. When the decree is made, the mortgage holder is given notice of the outstanding debt and that the property is to be auctioned off. The amount recovered from the auction goes to cover unpaid interest and principal, as well as legal bills.
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SEC Form U-33-S
SEC Form U-33-S is a filing accomplished annually by utility companies as a report under the Securities and Exchange Commission. The data gathered ...
Counterpurchase
Exchange of products in which a party acts as purchaser and the other as seller, and vice versa. Both parties purchase all goods in cash.
Flowback
When foreign investors perform a massive sell-off of a company's cross-listed shares back to the country of issuance as a result of an impendin ...
Use and Occupancy Insurance – U&O
Use and Occupancy Insurance is a kind of insurance coverage that takes care of losses in the property or machinery usage caused by damages from haz ...
Horizontal Market
A market diversified so the products created can meet the needs of more than one industry. This type of market is one in which the output good or s ...
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