Earnest money: In real estate, earnest money is paid as an advance by the purchaser to the seller at the time of the sales contract. A set of securities with a common feature is called the universe of securities. Debt equity ratio is the measurement of the company's financial position which is calculated by dividing the total liabilities and the shareholder's equity. Investors make small contributions and as a result, bear low risks. Finance Department in a Company This department is of utmost importance as it is responsible for financial planning, thus ensuring that adequate funds are available for achieving the objectives of the organization. January, April, July and October are the months when companies usually file their quarterly earnings report. This is an option that can only be exercised on a predetermined day of every month. The number of times an asset is replaced during one financial year is known as turnover in the books of accounting.
CE is sufficient to support the net loss expectation of 9.50%. Quality Underwriting and Servicing Platform: MMAF does not originate contracts but purchases them from approved syndicators. However, MMAF demonstrates adequate abilities as an underwriter and servicer, as evidenced by historical performance of its securitizations and managed portfolio. Portfolio Financing Services Company (PFSC) is the sub/backup servicer for 2016-A. Integrity of Legal Structure: The legal structure of the transaction provides that a bankruptcy of MMAF would not impair the timeliness of payments on the securities. RATING SENSITIVITIES Unanticipated increases in the frequency of defaults or decreases in recovery rates could produce loss levels higher than the base case and could result in potential rating actions on the notes. Fitch evaluated the sensitivity of the ratings to increased obligor defaults in the portfolio by applying 'CCC' ratings to the unrated obligors in the portfolio, stressed down from the 'B' rating applied under the base recommended scenario. Additionally, recoveries were stressed by applying a stress of 50% to the base recovery rates.
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Option contract: A contract that gives the authority to buy or sell stock, index, debt, currencies etc for a specific price within a period. These are the actual, physical commodities that form the basis for futures trading contracts. The idea of accounting is simple - record the transactions as briefly and honestly as possible. Viager is also known as Reverse Annuity Mortgage or Charitable Remainder Trust. Foreclosure: Foreclosure is a legal proceedings through which an owner's right over a property is terminated by default or through a public auction where the proceeds are used to clear off a mortgage debt. The fund raised from company founder's personal assets, friends, family, etc. to start a new business is known as seed capital. If the issuance date of the fixed income security is the same as the dated date then the dated date is also known as the issue date. Asset Backed Securities - These are the securities that derive their values from an underlying asset or pool of assets. The Automated Customer Account Transfer Service is a central processing system that supports the timely transfer of customer accounts, between various participant institutions. The etch sector is offered broad exposure by this security tracking the Nasdaq 100 indexes.