LOW / NO DOCUMENTATION LOAN
A loan category that generally falls under Alt-A sector of mortgage lending. It provides borrowers the capacity to indicate a limited amount of details on their application. Limited income, employment, or asset information may be needed depending on the distinct kinds of low documentation loan. In some cases, however, the borrower need not to provide these information at all. There are definite differences between varied low documentation and no documentation loan programs from lenders.
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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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