MORTGAGE RATE LOCK DEPOSIT
A fee the lender charges to a borrower that permits the latter to lock in a specific interest rate for a particular time period, with the anticipation the borrower’s mortgage will finance within the specified time period. The lengthy the lock period, the greater the required lock deposit. The lock deposit is attributed to the borrower in financing mortgage funds. The borrower loses the lock deposits once he or she walks away from the agreement.
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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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