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Ch 4
loma
22
Finance
Professional
11/20/2011

Additional Finance Flashcards

 


 

Cards

Term
agricultural mortgages.
Definition
Loans secured by agricultural and farm properties.
Term
asset mix.
Definition
The relative shares of different asset types that comprise a given
investment portfolio.
Term
commercial mortgage-backed securities (CMBSs).
Definition
Securitized pools of
commercial mortgages.
Term
commercial mortgages (whole loans).
Definition
Loans secured by commercial real estate.
Also known as nonresidential, nonfarm mortgages.
Term
corporate bonds.
Definition
Bonds issued by corporations.
Term
foreclosed property.
Definition
An equity real estate asset acquired by foreclosure
on a mortgage after a borrower defaulted on the terms of the mortgage.
Term
general partners.
Definition
In a limited partnership arrangement, the partners who assume
legal debts and obligations of the business and control day-to-day operations. See
also limited partnership, limited partners.
Term
government bonds.
Definition
Bonds issued by governments, including federal, state, county,
city, and other local governments.
Term
limited partners.
Definition
In a limited partnership arrangement, the partners who contribute
cash to the business, but do not assume responsibility for the debts of the business
beyond the level of their cash investment in it. Limited partners have a more limited
role in managing the business than do general partners. See also limited partnership,
limited partners.
Term
limited partnership.
Definition
A form of business partnership having one or more general
partners and one or more limited partners.
Term
mortgage.
Definition
A long-term loan secured by a pledge of specified real property.
All mortgages represent debt secured by real estate.
Term
mortgage-backed securities (MBSs).
Definition
Bonds secured by a pool of residential or
commercial mortgage loans.
Term
mortgage in process of foreclosure.
Definition
A mortgage on which the borrower is more
than 90 days delinquent in payments and a foreclosure procedure is under way.
Term
mortgages in good standing.
Definition
Mortgages on which borrowers are current with
payments of both interest and principal.
Term
private placement.
Definition
A method of issuing securities in which the issuer sells the
entire issue of securities directly to one or more qualified investors.
Term
protective covenant.
Definition
A provision in a bond instrument that either requires specified
actions on the part of the bond issuer or limits specified actions by the bond issuer.
Term
public offering.
Definition
A method of issuing securities in which securities are sold to the
public, usually with the services of an investment banking firm.
Term
overdue mortgages.
Definition
Mortgages on which the borrower is 30 through 90 days
delinquent in payment.
Term
residential mortgage-backed securities (RMBSs).
Definition
Securitized pools of residential
mortgages.
Term
residential mortgages.
Definition
Loans secured by single-family homes.
Term
restructured mortgages.
Definition
Mortgage agreements that were at one time overdue and
in danger of foreclosure, but which have been renegotiated as to interest rate, term to
maturity, and principal due.
Term
venture capital.
Definition
An equity (capital) investment in a new and usually risky enterprise.
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