MORTGAGE BROKER
An intermediary who gathers mortgage borrowers and mortgage lenders together for a mortgage loan but does not use own funds to originate or service mortgages. The broker collates documents from a borrower and gives it to the lender for underwriting and approval. The given funds are in the name of the mortgage lender. The individual or company will collect the origination fee and/or gain spread premium as a compensation for its services.
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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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