SECOND MORTGAGE
Second Mortgage is a kind of subordinate mortgage. Second Mortgage is conceived at a time when an original mortgage is currently enforced. The original mortgage receives all proceeds of liquidation in case of a default and will continue to receive proceeds until everything is paid off. Second Mortgage, in this case, will be receiving the repayments only in the case that the original mortgage has been paid off. Interest rates are typically higher for the second mortgage while amount borrowed is lower than the original mortgage.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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