SHORT REFINANCE
Short Refinance is the refinancing of a mortgage for the payments of a borrower in default. The refinancing is made by the lender to avoid foreclosure. Usually, the the existing loan is more than the new loan amount and the difference is ignored by the lender. A lender is willing to do this due to the fact that it is more cost effective than foreclosure proceedings.
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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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