SHORT REFINANCE
Short Refinance is the refinancing of a mortgage for the payments of a borrower in default. The refinancing is made by the lender to avoid foreclosure. Usually, the the existing loan is more than the new loan amount and the difference is ignored by the lender. A lender is willing to do this due to the fact that it is more cost effective than foreclosure proceedings.
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Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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