MORTGAGE CREDIT CERTIFICATES
Certificated provided by the originating mortgage lender to the borrower, which directly converts a part of the mortgage interest paid by the borrower to become a non-refundable tax credit. Either loan brokers or lenders themselves issue this certificate and usually available to low or middle income buyers. This is made to assist first-time homebuyers become eligible for a mortgage loan by cutting down tax liabilities that they would have to pay.
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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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