DEFEASANCE CLAUSE
A mortgage provision indicating that the borrower will be given the title to the property once all mortgage terms are met. The defeasance clause is not required in states using property liens as collateral for a mortgage. In this sense, the clause is a substitute for collateral. Most states allow property liens when mortgages are issued, and don't follow the common law theory requiring a defeasance clause. In real estate, a lien gives the mortgagee the right to foreclose the property upon default of the terms in order to recoup what was owed.
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HIIC
An organization of prominent investors from around the world that gives advices to the Nigerian government on matters regarding the economic develo ...
Bearish Belt Hold
During an ascending trend there is a candlestick pattern that is being formed called bearish belt hold. This is what appears in the pattern: coming ...
Currency Translation
Act of quoting the amount of money denominated in one currency into the value of another currency in the balance sheet. Done using current exchange ...
Asset Value Per Share
The whole value of an investment fund divided by its number of shares outstanding. This kind of asset value per share, most often, is regarded as & ...
Managed Currency
A currency whose exchange rate is affected by the intervention of a central bank. It is unlike a currency that is determined by the free-market for ...
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