MORTGAGE RECAST
The act of recalculating the remaining scheduled principal and interest payments according to a new amortization schedule. Some mortgages may allow recomputation in order to suit lenders’ financial situation. The interest rate can be lowered and/or the remaining term be prolonged. Most of the time, it is associated with a negative amortization mortgage that must recast at some point so the mortgage will be paid off at the end of its scheduled term.
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Specific-Shares Method
Specific-shares method is a personal financial accounting whose purpose is to cut down realized capital gains for multiple stock or mutual fund pur ...
Voting Trust Certificate
Voting Trust Certificate is a document issued by the limited-life trust of a corporation, which is created to limit the control of a corporation to ...
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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Principles of Trading: Record Keeping and Taxation
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