MORTGAGE SHORT SALE
The sale of a mortgaged property by a financially distressed borrower for the remaining outstanding mortgage balance. The proceeds will be used to repay the lender, which receives less than full repayment of the mortgage, making the borrower free from the mortgage obligation. This is to prevent what would amount to bigger losses for the lender if to be foreclosed on the mortgage.
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American Institute of Banking - AIB
The American Institute of Banking (AIB) was founded in 1907 and they provide education and training to the banking industry. There are more likely ...
True Interest Cost - TIC
Total annual cost relative to obtaining a loan including all ancillary fees and charges such as finance charges, term insurance, late fees, discoun ...
Pre-Money Valuation
This slang term is usually used by venture capitalists. Pre-money valuation refers to the value of stock of a company before it goes public.
Secured Creditor
Secured Creditor is any lender or creditor that gets the collateral for the extension of a loan or credit. The most famous secured creditors in the ...
Net Long
A situation where an investor has more long positions than short positions in a given market, asset, portfolio or trading strategy. An investor who ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Real GDP | 3 quarter | |
| 04:00 | Real GDP (YTD) | 3 quarter | |
| 04:00 | Fixed Asset Investment | Sep | |
| 04:00 | Industrial production | Sep | |
| 04:00 | Retail Sales | Sep | |
| 04:00 | Unemployment Rate | Sep | |
| 04:00 | NBS Press Conference | ||
| 11:30 | FOMC Member Randal K. Quarles Speaks | ||
| 14:15 | Housing Starts | Sep |
