Ginnie Mae pass-through
A securityguaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of participating homeowners.
Elliott Wave Theory
Technical market timingstrategy that predicts price movements on the basis of historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave theorist.
Standby Letter of Credit
Documents evidencing failure of the bank's customer (the applicant) to pay an obligation when due.
Mark Berch:Seller's market
Market in which demand exceeds supply. As a result, the seller can dictate the price and the terms of sale.
Branch
An operation in a foreign country incorporated in the home country.
Double auction system
A market consisting of many sellers and many buyers, as opposed to a conventional auction with one market maker and many buyers. Mark Berch
Paper gain (loss)
Unrealized capital gain (loss) on securities held in a portfolio based on a comparison of current market price to original cost.
A securityguaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of participating homeowners.
Elliott Wave Theory
Technical market timingstrategy that predicts price movements on the basis of historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave theorist.
Standby Letter of Credit
Documents evidencing failure of the bank's customer (the applicant) to pay an obligation when due.
Mark Berch:Seller's market
Market in which demand exceeds supply. As a result, the seller can dictate the price and the terms of sale.
Branch
An operation in a foreign country incorporated in the home country.
Double auction system
A market consisting of many sellers and many buyers, as opposed to a conventional auction with one market maker and many buyers. Mark Berch
Paper gain (loss)
Unrealized capital gain (loss) on securities held in a portfolio based on a comparison of current market price to original cost.
