LOBBY
Act of attempting to exert an influence (i.e. lobbying); a group of like-minded people that attempts to influence an authoritative body in their favor. A lobby is usually formed to sway authorities to act in such a way it is beneficial to the group’s best interest, either through a promising legislation or by obstructing unfavorable measures. It comprises of individuals, groups, and businesses that can be formed around the world. Some countries have seen an apt way to regulate the lobby’s activities because of its negative effect towards the democratic process.
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Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
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