Category: A – Definitions

1.  clause in a mortgage agreement providing that any additional mortgage mortgaging a property acquired by the borrower after the mortgage is signed will be additional security for the obligation
2.  while such Provisions can help get mortgage bonds a good rating and enable issuing corporations to borrow at favorable rates by precluding additional first mortgages they make it difficult to finance growth through new borrowing
3.  this gives rise to various Maneuvers to remove after-acquired Clauses such as redemption or exchange of bonds or changes in indenture agreements

1. standard established by the National Association of Realtors( Nar) to gauge the financial ability of consumers to buy a home a reading of 100 means a family learning the national medium home income reported by the Census Bureau can qualify for a mortgage on a typical medium-priced existing single-family home and index above 100 signifies that a family earning the median income more than qualifies for a mortgage loan on a median priced home and suming a 20% down payment
2.  there for an increase in the 44 debility index shows that a family is more able to afford the median price home the prevailing mortgage interest rate is the effective rate on loans closed on existing homes from the federal Housing Finance Agency for the United States and 8sn Associates Financial Publishers for various reasons regions the mortgage is based on an 80% loan 20% down payment and a qualifying ratio of 25% meaning that 25% of the bars gross monthly income will be needed to cover housing costs including the mortgage the 25% qualifying ratio covers expected principal and interest payments but does not cover taxes and insurance
3. there are three different types of Indus has calculated bynar the fix rate index is based on the current effective interest rate on a 30-year fixed-rate mortgage
4.  the adjustable-rate index is calculated using the prevailing effective interest rate on a justable rate mortgages on fixed in adjustable-rate mortgages Wade by the relative proportion of fix in adjustable-rate loans close on existing homes
5.  Nar also calculate a first-time home buyers affordability index which recognizes the special characteristics of first-time home buyers and the homes they purchase
6.  the group most likely to purchase a first home consist of a young printer family with a head of household age 25 to 44 and a lower medium income then overall population this index assumes a 10% down payment and adds one quarter of a percentage to the mortgage rate for the required private mortgage insurance the first time home is calculated a 85% of the median price of all existing homes purchase some Economist maintain that everyone Point increase in the home mortgage interest rate is 300000 fewer home sales

financial industry regulatory Authority( finra)  requirement that market-makers quote firm prices make continuous two-sided markets participate in the small order entry or execution system and Report price and volume data for each transaction in a NASDAQ security within 90 seconds of execution

credit card code issued by a bank and a sponsoring organization that gets a percentage of the revenue generated by use of the card card holders may also get discounts or other advantages when the card is used to buy sponsor products or services

individual in a position to exert direct influence on the actions of a corporation among such persons are owners of 10% or more of the voting shares directors and Senior elected officers and any persons in a position to exert influence through them such as members of their immediate family and other Close Associates sometimes called a control person

corporation that is an affiliate

1. in general:  two companies are affiliated when one owns less than the majority of the voting stock of the other or when both are subsidiaries of a third company a subsidiary is a company of which more than 50% of the voting Shares are owned by another Corporation Charmed the parent company a subsidiary is always by definition an affiliate but subsidiary is the preferred term when majority control exist in everyday use affiliate is the correct word for intercompany relationships however indirect where the parents of Syd Berry relationship does not exist
2.  Banking Act of 1933:  any organization that bank owns or controls buy stock Holdings or which the bank’s shareholders own or whose officers are also directors of the bank
3.  Internal Revenue Service:  for purposes of Consolidated tax returns and Affiliated group is composed of companies whose parent or other inclusive corporation owns at least 80% of voting stock
4.  Interstate Commerce Commission account 706:
   1.  controlled by the accounting company alone or with others under a joint agreement
   2. controlling the accounting company alone or with others under a joint agreement
5.  Investment Company Act:  company in which there is any direct or indirect ownership of 5% or more of the outstanding voting securities

 affidavit made by the executor of an estate that certifies The Descendants place of residence at the time of death before Securities can be transferred from an estate it must be verified that no liens exist against them in the home state of the decedent 

written statement made under oath before an authorized person such as a notary public

 new sliding I mean to offer Financial advice 2 subscribers The Letter may offer a broad economic and market Outlook or it may focus on a particular sector of the stock Bond or Commodities markets advisory letters specialize in recommending only mutual funds some letters also advises subscribers of new recommendations through a toll free hotline which can be updated much more quickly than a printed letter in the advisory letter recommend specific Securities the author is usually registered with the Securities and Exchange Commission as a registered investment advisor