MORTGAGE-BACKED REVENUE BOND
A municipal agreement that renders payment to holders according to revenues yielded from real estate. Also, financial institutions usually offer these bonds at relatively low interest rates. Proceeds are utilized to provide financing to these institutions, and in return use the money to make mortgage loans with low interest rate.
For instance, municipalities would use the bonds to finance public construction projects. Borrowers shoulder the interest and principal payments.
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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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