INTEREST COST
Total interest incurred by a borrower over the entire term of a loan. The amount should include any points paid to cut down the interest rate on a loan, since points are basically pre-paid interest. In addition, any negative points or rebates paid by a lender to a borrower should be deducted from the interest cost since they are in effect a refund of future interest the borrower will pay on the loan.
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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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