LIS PENDENS
A Latin word meaning "suit pending"; a recorded and an official notice to the public about filing a lawsuit. It is a concept where any property buyer must assume any litigation that is existing in that property. If an individual buys a property that a banking institution was suing the previous owner for, the new owner of that property must face the suit. Selling the property won’t prevent the plaintiff from seeking redress through litigation.
Abbreviated as "lis pend".
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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