GARBAGE FEES
Unnecessary fees inserted into mortgage costs by lenders to add to the lender’s profit. Such fees may be called administrative fee, application fee, appraisal fee, courier fee, document preparation fee, document review fee, loan origination fee, and settlement fee, among others. Either blatantly illegitimate or normal business costs, these are extremely exaggerated before passing it on to the customer.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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