ACQUISITION DEBT
A financial obligation obtained through the improvement, construction, or purchase of a secondary or primary residence. One of the examples for acquisition debt is home mortgage. The Internal Revenue Services (IRS) gives certain tax advantages for those who have home acquisition debt. The taxpayers can subtract the interest paid throughout the tax years for mortgages which qualifies as a home acquisition debt. The IRS acknowledge home acquisition debt as any mortgage acquired after October 13,1987 that was used to build, buy or significantly improve a primary or secondary home. The home also secures the mortgage.
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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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