MORTGAGE ACCELERATOR
A mortgage loan program that resembles the hybrid of a home equity loan and a checking account. Well-known in the United Kingdom and Australia, borrowers’ paychecks are deposited directly into the mortgage account and the mortgage balance is lessened by that amount. As checks are written against the account during that month, the mortgage balance increases. Any amount placed in the account but not withdrawn via the check writing process is applied to the mortgage balance at the end of the month as repayment of principal.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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