MORTGAGE CORRESPONDENT
A person servicing a loan for a fee for someone else. A mortgage banker differs because the banker originates, sells, and services the mortgage loan. A mortgage broker differs by not originating
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A person servicing a loan for a fee for someone else. A mortgage banker differs because the banker originates, sells, and services the mortgage loan. A mortgage broker differs by not originating
Supply contract’s price protection clause that states the seller must offer the same price to all customers including the contracting customer.
Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,
A euronote facility that is allowed to use more than one currency.
An insurance policy that covers more than one line.
A specific insurance policy type covering property and any type of assets owned by an individual at multiple locations. Goods, futures, specialized equipment, or improvements made by the owner or others are
A single employee training in multiple skill-sets. A particular purpose in labor unions and their structure promotes workers with a range of skills or knowledge, These become useful on several different projects,
A fund manager’s hired assistant in managing investment portfolios. A sub-advisor works outside of the fund itself as a money manager. With the goal of reaching specific objectives, sub-advisors are authorized to
Trichloromethane (CHCl3) or chloroform is an example of a substance that causes narcosis.
A government takes over a privately owned corporation, industry, and resource, often without compensation, but sometimes with. (1) Preventing unfair exploitation and large-scale labor layoffs, (2) Distributing income from national resources fairly,
An entity is cautiously given specific information based on this specific type of predetermined criterion.
Fairly-valued assets acquired that go beyond the acquisition limit. On the balance sheet this will affect listed transactions .
Buyers and sellers negotiate the price posted as bid and ask prices in this type of market. NASDAQ is an example. In contrast, the New York Stock Exchange and American Stock Exchange
a mutual fund’s single share or unit value. Calculated as: (the fund’s total assets minus the fund’s total liabilities) divided by the number of outstanding shares. Also known as Average Price.
A business’ or a nation’s income calculated as payments from the foreign sector to citizens minus payments to foreigners employed to provide domestic goods or services. The gross national product minus the
Life insurance policy’s pure cost until term-end divided by the year count in-force.
Calculated as: investment amount minus investment’s future cash flows present value. Calculate expected cash flows Present value as: discounting future cash flows at the required return rate.
The remaining insurance held after reinsurance is calculated.
A small, limited-use laptop, primarily for email and Internet access. Netbooks started to gain in popularity in 2007. Netbooks are less expensive than a regular laptop, and generally weigh only two to
Artificial intelligence technique allegedly mimicking the human brain’s operation as nerves and neurons. Densely interconnected computer processors work simultaneously in parallel. A key neural networks feature is that their programming sets them