ASSUMPTION CLAUSE
A mortgage contract provision that permits the seller of a home to transfer the responsibility to the buyer of the home for its existing mortgage. In simpler terms, the new homeowner takes over the existing mortgage. There usually various conditions and a fee needed in an assumption clause.
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
Capped Index
Equity index restraining the weight on any security. Hence, it designates a maximum percentage on the relative weighting of a component identified ...
Judge Business School
Business school at Cambridge University. A division of the business faculty of the university, the business school is accredited by European Qualit ...
Form 8282: Donee Information Return
An IRS tax form used by organizations to report the sale or disposition of donated property to the IRS and to donors. Form 8282 is used by the orig ...
Mortgage Rate Lock Float Down
A mortgage rate lock with the option to cut down the locked interest rate of market interest rates decline during the process of mortgage applicati ...
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SEE FOREX TUTORIAL
Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
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