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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Babcock Graduate School of Management
It is the Wake Forest University’s business school. Its enrollment is almost 500 students. It offers various graduate degree programs coverin ...
C-Share
A type of mutual fund with a balanced load. These type of share have small back-end loads that are usually around 1% and there is a possibility for ...
Working Capital Management
Working Capital Management is a managerial accounting strategy that focuses on keeping sufficient levels of the components of working capital, curr ...
Graduated Vesting
Advanced benefits employees receive as they increase the tenure of their service to an employer. Federal law requires a vesting schedule for the em ...
Phantom Stock Plan
A benefit plan that gives employees the benefits of stock ownership without really giving them any company stock. It is also known as “shadow ...
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SEE FOREX TUTORIAL
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Retirement Planning: Last-Minute Preparation
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An Introduction to Stocks
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Digesting Financial Statements: Filing
Companies need to file several financial reports in different periods with the Securities and Exchange Commission.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Sep | |
| 02:30 | Tertiary Industry Index | Sep | |
| 02:30 | PMI Composite | Sep | |
| 07:35 | BOJ Governor Haruhiko Kuroda Speaks | ||
| 10:00 | Ifo Business Climate Index | Sep | |
| 10:00 | Ifo Current Assessment | Sep | |
| 10:00 | IFO - Expectations | Sep | |
| 15:00 | NBB Business Climate | Sep | |
| 18:00 | FOMC Member Raphael W. Bostic Speaks |
