SWAP NETWORK
Global network of central banks creating a reciprocal credit line relationship to temporary swap currencies. The network aims to give every bank the opportunity to exchange a set amount of one another’s currencies simultaneously in order to stabilize its own currency and improve liquidity conditions. Normally, repayment periods last for three months but debt holders can prolong the terms. Also called currency swap line or temporary reciprocal currency arrangement.
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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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