MORTGAGE SERVICING RIGHTS - MSR
A contractual agreement which allows the original lender to sell the right (or rights) of an existing mortgage to another party who is expert in various functions of servicing mortgages. The right to collect payments monthly, place taxes and insurance premiums in an escrow account, and forward interest and principal to the mortgage lender are some of the common rights included in the agreement.
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Equalization Payments
Payment the federal government made to an individual, province, or state to offset monetary imbalances between several parts of the country or indi ...
Seller
In the financial industry, a seller may be one of two things. First, it is an entity that may be an individual or a group that exchanges a product ...
SLL
SLL is the abbreviation for the currency in the Republic of Sierra Leone which is the Sierra Leone leone.
Error Term
Margin of error in a statistical and/or mathematical model created when the model fails to fully depict the actual connection between the independe ...
Treasury Bill - T-Bill
Short-term debt obligation with a maturity of less than one year. Backed by the US government, these debts are sold in denominations from $1,000 up ...
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