TANDEM LOAN
Two loans taken out on one asset, normally a house. The secondary loan is added to a primary loan. It also pertains to a lending facility allowing businesses to fill the gap between commercial loans and other funding sources, with proceeds used for acquisitions, land and equipment, or working capital. The institution can also offer monetary aid to builders and developers of nonprofit public housing.
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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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Buying a Home: Determining the Amount You Can Afford
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