SILENT SECOND MORTGAGE
A silent second mortgage is a secondary mortgage on an asset. What makes it silent is the fact that it is not disclosed to the original loan lender. The use of silent second mortgage is for purchasers that are not able to afford the initial mortgage’s required payment. This may be classified as a kind of fraud.
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Specialized court of the law handling and adjudicating tax disputes and issues. In the United States, the Congress has established a federal court ...
Accrual Swap
An interest rate swap which a counterparty pays reference rate, it is usually a three to six month of LIBOR.
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A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Alternative Order
A mandate of an investor to buy or sell stock using a first come first served basis policy. It is also called the one cancels the other orders. ...
Catalog of Federal Domestic Assistance – CFDA
Government-wide compendium of Federal assistance programs, projects, activities, and services, which offers financial and nonfinancial assistance o ...
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