Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A SECU RITIZATION structure that repackages pools of MORTGAGE BACKED SECURITIES, WHOLE LOANS, or mortgagebacked STRIPs into TRANCHES with specific RISK and return (YIELD) profiles. CMO structures are available in many different
Record book of accounting transactions. To facilitate the entry of numbers, the journal is divided into columns.
Coverage for employees the employer must provide. Any loss is covered no matter how many were involved in the loss.
A financing facility provided by a BANK to a borrower, which cannot be withdrawn unless the borrower breaches COVENANTS or other terms of the facility; this means the bank must provide funds
The intent to commit a crime or to help another in committing a crime.
The way a message is sent to the audience in print or broadcast.
A business’s mission statement that states its philosophy.
Comparing item by item with the alternates. Reefr to comparability analysis.
An aspect of a job that offsets a negative one.
When a company gets the upper hand because is of similar value and a lower price than its competition.
The lower price offered to make the buyers want the product more.
The product’s demand that is predicted by another similar product. AKA joint demand. Refer to complementary product.
Evaluation of a project that meets design, is performed as planned, and make profits as expected. It becomes nonrecorse financing at this point.
The way things are done in a company to be sure specifications are being met.
Combining rates of dute. AKA mixed duty rate.
Income that is adjusted due to fluctuations in the economy. If a firm experiences a forfeiture, their assets are adjusted.
The computation by customs of the value of merchandise considering production cost, overhead, and packaging costs.
A firm that gets more business based on what is does not how much it does.
An inference that has no proof but is stated none the less.
Conditions for the rights or the parties when the contract is signed. There is a general condition as well as special conditions that are more specific.