MORTGAGOR
Borrower, normally an individual or company, in a mortgage agreement. The person borrows money from the lender in order to purchase a real estate property. By giving the lender an interest in the purchased property, which allows it to lend the fund with an accurate risk assessment, the mortgagor gives the lender a guarantee for paying the loan in full.
Also called chargor.
POPULAR TERMS
Highly Leveraged Transaction - HLT
HLT is a loan provided from a financial institution to a company that has a large debt amount already. The existing large amount of debt only means ...
Form 5
A document that must be filed with the Securities and Exchange Commission (SEC) by an insider who has conducted insider transactions during the yea ...
Countersignature
Additional signature from an official or professional on a document that has already been signed. Serving as confirmation or authentication, it is ...
Average Collection Period
The amount of time for a business to receive payments owed.
Primary Regulator
The state or federal agency with main supervisory responsibility for a financial institution. Banks and other financial institutions will have to f ...
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