LOW DOCUMENTATION LOAN
Loans given to borrowers unable or unwilling to give a lender certain information or documentation. A variety of loan types are considered to be low documentation. Not everyone is eligible for this
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Loans given to borrowers unable or unwilling to give a lender certain information or documentation. A variety of loan types are considered to be low documentation. Not everyone is eligible for this
When the economy suffers a downturn, this is a visual display of society’s costs. Represents output loss resulting from growth rate tied to the real gross domestic product slowing down.
Telecommunications giant AT&T’s old, nostalgic name. Originally called Ma Bell because it was the primary service provider of telephone services and seen as the mother of the industry. The company adapted to
Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.
When the actual card is unavailable to the merchant, the merchant’s account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the
Homeowner’s associations’ monthly charge residents pay to maintain and mend common residential property components
Trading in options and futures is based on an index such as this. 20 blue-chip stocks comprise such a US stockmarket index. 17 of these blue-chip are also in the Dow Jones
Male-over-female superiority in the workplace as an unsubstantiated belief. Female employees fight those who disparage, denigrate or otherwise humiliate by this practice and belief.
exchange rate maintained at a certain level by the government’s intervention through the country’s central bank and not determined by the freemarket forces of demand and supply is indicative of this type
Information to make decisions affecting their work is collected by each employee as a key element of total quality management (TQM).
Exercising its discretion in certain areas without discussions with or the agreement of a union as an employer’s or management’s unqualified authority. The rights to (1) assign and direct workforce, (2) discipline
Constraining mandate on an employer for this matter of contention. If the issue pertains to wages, working hours, or terms and conditions of employment, and the like, an employer is legally prevented
Details over time or for a project the different skills required. Also, details how to get them and when to get them. Personnel resource estimating or projecting.
Production and performance quality expressed in designs tied to a production plant’s outlay.
coverage or conditions not included in a standard policy are specifically written into this policy. To comply with state laws, a larger brokerage for a larger account will prepare this type of
All other factors remaining constant, an activity’s overall benefit increase caused by a unit increase in the level of that activity. Also known as marginal utility.
With all other factors remaining constant, this is the resulting output from hiring one more worker. Output of a firm or economy as a measured physical increase.
Additional income unit’s paid tax rate. Marginal tax rates increment as income increases in a graduated or progressive tax regimen. The highest marginal tax rate applies to the highest income bracket or
Consumer demand driven action leading to a vendor’s decision to retain a cost level.
With little or no control exercised by individual suppliers or producers, tough competition determines prices between similar goods and services in this situation.
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