BROWSE

24 Results for Tag: borrowers

Hard Loan

Hard Loan What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength (a hard currency). Explaining

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 with terms that require the seller of the mortga

Manufactured Housing (MH)

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 it is set. The cost of constru

Ability To Repay

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 used in the Explaining 'Ability To

Above The Market

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 the security. Examples of above the market orders include: a limi

Real Estate Settlement Procedures Act (RESPA)

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 more i

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 taxes and homeowner's insura

Samurai Market

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, with a reference to the iconic Japanese warri

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 with an access to Japanes

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 the resulting loans in different currencies. It
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