SLOW LOAN
Slow loan is a loan that as it is named, slow to the point that the lender believes it to be at risk to never be paid. For banks and lending institutions, hedging for slow-loan losses is not a big problem as it is customary for them to set aside cash funds for that very purpose. The original provision of a slow loan’s regulatory definition was given by the Office of Thrift Supervision (OTS).
POPULAR TERMS
Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
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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