Tag: borrowers

Hard Loan

What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a...

Mandatory Mortgage Lock

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...

Manufactured Housing (MH)

What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece of property where...

Ability To Repay

What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...

Above The Market

What is 'Above The Market' An order to buy or sell at a price set higher than the current market price of...

Real Estate Settlement Procedures Act (RESPA)

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...

Reverse Mortgage

DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...

Samurai Market

What is 'Samurai Market' A slang term for the stock market in Japan. Samurai market is usually used buy non-residents of Japan,...

Samurai Bond

DefinitionA samurai bond is a yen-denominated bond issued in Tokyo by non-Japanese companies, and is subject to Japanese regulations. These bonds provide the issuer...

Parallel Loan

DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...

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