LIFETIME CAP
Maximum interest rate on an adjustable-rate mortgage (ARM) loan that may increase or decrease over the total repayment period. Expressed as a percentage, lifetime cap goes up from its initial interest rate. For instance, if an ARM has an initial fixed interest rate of 6% and a lifetime cap of 4%, the maximum interest rate may be set at 10%. This is a portion of a loan’s interest rate cap structure that is composed of initial, periodic, and life caps.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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