do you know what the "liar loan" is?
Category: glossary by O. Holden from Swansea, United Kingdom
a "liar loan " is A category of mortgages known as low-documentation or no-documentation mortgages that have been abused to the point where the loans are sometimes referred to as liar loans. On certain low-documentation loan programs, such as stated income/stated asset (SISA) loans, income and assets are simply stated on the loan application. On other loan programs, such as no income/no asset (NINA) loans, no income and assets are given on the loan application form. These loan programs open the door for unethical behavior by unscrupulous borrowers and lenders. These loan programs are designed for borrowers who have a hard time producing income and asset verifying documents, such as prior tax returns, or who have untraditional sources of income, such as tips, or a personal business. These loans are called liar loans because the SISA or NINA features open the door for abuse when borrowers or their mortgage brokers or loan officers overstate income and/or assets in order to qualify the borrower for a larger mortgage. Low-documentation mortgages usually fall into the Alt-A category of mortgage lending. Alt-A lending depends heavily on a borrower's credit score (FICO score) and the mortgage's loan-to-value ratio (LTV) as tools to determine the borrower's ability to repay the mortgage.
Which site offers exquisite multilingual program?
Category: platform by B. W. From United Kingdom
We think "FX club" is exactly the forex site for you if you look for the coolest site that's got a really great amount of languages. This site's interface supports more than 10 different languages. Whether you're a Turkish, French, English or Farsi speaker (or any other of a long list of other languages), you're able to connect to the multilingual platform conveniently and naturally.
please define the "inter-dealer broker"
Category: glossary by O. V. From Manchester, United Kingdom
1. A brokerage firm operating in the bond or OTC derivatives market that acts as an intermediary between major dealers to facilitate inter-dealer trades. 2. A member of the London Stock Exchange who is only permitted to deal with market makers, rather than the public. Inter-dealer brokerages operate on very small spreads, but they handle extremely large transactions.
please tell me what "break fee" is
Category: glossary by S. U. From Charlotte, United States
the "break fee " is 1. A fee paid by a target company to bidders (during an acquisition) if the pending deal is terminated. 2. A fee paid by one party of a contract to another in order to terminate or cancel legal obligations. 1. Supposedly used to recoup costs and fees associated with due diligence during an acquisition. These break fees are seemingly used more and more for the purpose of restoring lost reputations arising from deals falling through. 2. Common in lease agreements, these break fees are penalties charged against parties not wishing to fulfill their portion of a contract.
please tell me what "net operating profit after tax - nOPAT" is
Category: glossary by R. Dodson from Mission Viejo, United States
a "net operating profit after tax - nOPAT " is A company's potential cash earnings if its capitalization were unleveraged (that is, if it had no debt). NOPAT is frequently used in economic value added (EVA) calculations. Calculated as: NOPAT = Operating Income x (1 - Tax Rate) NOPAT is a more accurate look at operating efficiency for leveraged companies. It does not include the tax savings many companies get because they have existing debt.
Can you give me a tip for a foreign exchange online trading system with realistic mobile-friendly technology?
Category: platform by B. Cox from Netherlands
"AVA FX" is totally the one to consider if you want the coolest forex site which has mobile enhanced program. The exterior is really clean and the program is totally a progressive one - this mobile accessible platform is one of the leading examples of how a forex trading interface should look.
do you know what a "renko chart" is?
Category: glossary by A. A. From Aurora, United States
the "renko chart " is A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels. Transaction signals are generated when the direction of the trend changes and the bricks alternate colors. For example, a trader will sell an underlying asset when a black brick is placed at the end of series of climbing white bricks. Since this type of chart was designed as a way to follow the general price trend of an asset, there can often be false signals where the color of the bricks changes too early, producing a whip-saw effect.
Are you familiar with any site with a non breakable connection you can recommend for me?
Category: technical by V. Y. From Switzerland
If you're looking for a site that's got the best connection, you should clearly head for "GCI". Players are frequently happy with the connection to the program. You find non of many of the habitual disturbing situations you normally have to handle surfing this size of servers. The communication with the server is usually uninterrupted. And it's very easy to learn the forex platform.
please tell me what "cash trigger" is
Category: glossary by Breanna C. From Newport, United Kingdom
the "cash trigger " is A condition that triggers an investor to make a trade or take a specific action, such as a purchase, sale of the security, or the purchase or sale of a derivative (such as an option) of that security. If XYZ stock rises from $20 to $40 a share, an investor could sell the stock outright, or sell calls against the stock in an effort to garner income. Again, the cash price is ultimately the trigger or determinant that stimulates some future action.
please tell me what a "triple witching" is
Category: glossary by E. Potts from Longueuil, Canada
the "triple witching " is An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December. This phenomenon is sometimes referred to as "freaky Friday". The final trading hour for that Friday is the hour known as triple witching. The markets are quite volatile in this final hour, as traders quickly offset their option/futures orders before the closing bell. If you are a long-term investor, triple witching will have a minimal impact on you.