INDEXED ARM
Adjustable-rate mortgages (ARMs) where the interest rate changes periodically based on the value of an underlying benchmark index plus a margin. It states the index to be used, how frequent the interest rate will adjust and normally sets a cap on the maximum amount the interest rate can adjust upward over the course of the mortgage. Some ARMs also have limits on the amount the interest rate can change at every interest rate adjustment date.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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