LOAN-TO-VALUE RATIO - LTV RATIO
A lending risk assessment ratio used by financial institutions and lenders before approving a mortgage. Usually, high loan-to-value (LTV) ratios are seen as higher risk. Therefore, if the mortgage is accepted, it will cost the borrower more to borrow should he or she need to buy mortgage insurance. To compute LTV, divide the mortgage amount by the appraised property value. Bankers normally require a maximum of 75% ratio in order for a mortgage to be approved.
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Bank Restriction Act of 1797
Act freeing the Bank of England from exchanging banknotes and other financial claims for gold. Passed by the British government in 1797, the legisl ...
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Third-Party Verification - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in tran ...
Bullish Abandoned Baby
Candlestick pattern signalling a reversal in the present trend. Used by traders, it is formed by three unique candlesticks showing the following ch ...
Confluence
Combining two or more techniques and ideas into one complete strategy. It occurs when two different ideas or strategies are used together to come u ...
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In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
An Introduction to Insurance
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