AFTER-ACQUIRED COLLATERAL
A collateral for a loan which is acquired after a borrower enters into a loan agreement. The need for an after-acquired collateral arises on occasions wherein the borrower's current collateral is not enough for the loan, but additional properties will be most probably acquired in the near time. This property will be automatically collateralized, and will serve as after-acquired collateral.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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