MELLO-ROOS
A form of financing utilized by cities, counties, and special districts to finance large-scale products in that district such as major improvements and services. To use this type of financing, voters in that district must approve forming a Mello-Ross district by vote (⅔ must be in favor of this decision). Once the district has agreed to become a Mello-Roos district, the amount spent to fund one of the projects is repaid by the voters through taxes. It is formally called Community Facilities District Act, but is commonly known as Mello-Roos because the said Act was named after Senator Henry Mello and Assemblyman Mike Roos, who co-authored the Act.
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Specific-Shares Method
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Voting Trust Certificate
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Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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Renovate or Move?
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