Finance & Economics

foreclosure definition

Foreclosure Definition- Know What Is Foreclosure?

What Is Foreclosure? The foreclosure is a very important part of our banking system which protects the lender from having a loss. By a foreclosure process, the lender revokes a borrower’s right from the mortgaged property. This process is done by a court order which clearly states a particular date by which the borrower has …

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mutual fund definition

Mutual Fund Definition, & Advantages- Know What Is Mutual Fund?

What Is Mutual Fund? Most of you have certainly heard about the mutual funds and its benefits. And perhaps it is the ideal investment choice for most of the people. But there are still many people who don’t bear the proper knowledge about this amazing product of the financial market. So, in this section, we …

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what is chattel mortgage

What Is Chattel Mortgage? Complete Analysis

What Is Chattel Mortgage? The Chattel Mortgage is entirely different than the other types of mortgages. Unlike other mortgages where the mortgage instrument is non-movable the chattel mortgage relies on the movable properties like cars, mobile homes, yacht etc. A person can use these assets as security for loans. Definition of Chattel Mortgage This type …

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what is heloc

What Is HELOC And How to Get A Home Equity Loan?

What Is HELOC? A HELOC is a very good way to borrow money against your home’s equity value. It stands for Home Equity Line of Credit which is a very common practice to get money for your needs. People generally use it for the purpose of taking a loan to payoff due credit card bills …

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mortgage definition

Mortgage Definition- Know What Is Mortgage?

Introduction: Many people are already familiar with this term Mortgage. It is a very important factor of our financial market and has to be dealt with seriously. So, in this article, we will discuss the Mortgage Definition along with other important things which will help you to get a clear idea about it. So, let’s …

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what is mortgage underwriting

What is Mortgage Underwriting? A Complete Analysis

What is Mortgage Underwriting? If you have ever taken any loans in your lifetime then you definitely know the hectic process one has to go through to get a loan approval. And in a mortgage underwriting, the lender evaluates all the risk factors to ensure that the borrower meets all the requirements to get a …

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what is underwriting

What Is Underwriting? Complete Underwriting Definition

What Is Underwriting? Underwriting is a very important part of investment banking, commercial banking, and insurance. It actually means undertaking a risk by receiving a payment. Generally speaking, by an underwriting an individual or organization take the risks involved in a venture or investment. The bankers willingly sign a document by which they take all …

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commercial bank definition

Commercial Bank Definition- Know What Is Commercial Bank?

What Is a Commercial Bank? Commercial Banks are a very important part of our financial system. Every single entity in the financial market directly or indirectly dependent on it. And in this discussion, we will evaluate every single detail regarding a commercial bank which will help you understand it better. Now let’s start this discussion …

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what is investment banking

What Is Investment Banking? Definition and Analysis

What is Investment Banking? The investment Banking is a very important sector of our financial system our financial system Won’t work properly without its services. The investment banking system is working as a ladder for financial institutions to raise money for their need. And in this article, we will learn about how it is important …

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what is financial market

What Is Financial Market? A complete introduction

What is financial market? Introduction:  So What is financial market, there is not a single day when you don’t think about your future, and it’s very natural to do so. We all are living in a booming economy, and every person out there is eager to utilize its opportunities according to their needs. So, to …

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