WAM
Weighted Average Maturity (WAM) refers to the average maturity of all mortgages in a mortgage-backed security (MBS). It is also called "average effective maturity."
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Closed-End Mortgage
Restrictive mortgage which cannot be prepaid, refinanced, or renegotiated without settling breakage costs to the lender. This is applicable to home ...
Robinson-Patman Act
Robinson-Patman Act is a federal law passed in 1936 to outlaw price discrimination. This is an amendment to the 1914 Clayton Antitrust Act and is s ...
In Street Name
Brokerage account where the client’s assets and securities are held under the name of the brokerage, not the individual owner. Although the c ...
SWS
Syndrome afflicting individuals with new or sudden wealth, causing an individual stress. Its symptoms include feelings of guilt over good fortune, ...
Trust Property
Assets placed under a trust agreement between a trustor and trustee for a beneficiary. It includes any type of asset such as cash, life insurance p ...
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SEE FOREX TUTORIAL
Principles of Trading: Well Known Trading Instruments
Traders look at two primary factors when choosing the instruments they desire to trade: liquidity and volatility. Liquidity is the extent to which ...
Options Transaction Via Day Trading
Given so many concepts and terminologies in the foreign exchange market, anyone outside the field of finance may have a hard time coping up. Howeve ...
So You Want A Job in Financial Careers: A Guide
In this tutorial, we will explore the different kinds of financial careers, the various basics of the financial industry, what you need to do in or ...
Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
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