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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A call feature of a Collateralized Mortgage Obligation (CMO) mainly intended to lessen the reinvestment risk of the issuer. If the cash flow produc ...
Tax Expense
Amount of tax owed in a specific time period, as seen in the income statement. It is computed by multiplying the right tax rate of an individual or ...
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Portion of any profits compensating the general partners of private companies and hedge funds even without contributing to initial funds. It aims t ...
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The abbreviation for the Australian dollar on the currency market.
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