摘要:
An agreement between federal and state and local taxing authorities mandating mutual exclusion in taxation of interest. The interest paid on any security i[阅读全文:]
摘要:
A certificate issued by a local or municipal authority for the purpose of funding a public works project. This type of obligation is financed by an tax ass[阅读全文:]
摘要:
A warrant that is issued without a host bond. A naked warrant allows the holder to buy or sell a particular financial instrument, such as a bond or shar[阅读全文:]
摘要:
The opportunity lost when municipal bond issuers assume proceeds from debt offerings and then invest that money for a period of time (ideally in a safe inv[阅读全文:]
摘要:
A non-parallel yield curve shift in which long- and short-term yields decrease by a greater degree than intermediate rates. This yield curve shift effectiv[阅读全文:]
摘要:
A zero-coupon municipal bond that can be converted into an interest-bearing bond under certain circumstances. The municiple convertible is a zero-coupon bo[阅读全文:]
摘要:
A term used to describe the percentage of loans that do not close in a mortgage originator's pipeline. Mortgage originators adjust the fallout assumptions[阅读全文:]
摘要:
Mortgage loans that have been locked in with a mortgage originator by borrowers, mortgage brokers or other lenders. A loan will stay in an originator's pi[阅读全文:]
摘要:
A group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities issued by Fannie Mae, Fred[阅读全文:]
摘要:
A funding source for home mortgages. Mortgage revenue bonds help low- and middle-income first-time home buyers by offering long-term mortgages at below-mar[阅读全文:]