SINGLE INTEREST INSURANCE
Single interest insurance is an insurance policy to protect lenders in case of a default. The security interest in stated property such as cars and properties of lenders or lessors are protected in the event of a customer default. In some cases, subprime borrowers or those borrowers that have marginal credit are mandated by financing companies to have single interest insurance. Most states are allowed to pass the cost of the policy to the borrower or customer.
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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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