A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.

Financial bodies having the inclination to lent to consumers who don’t qualify for a traditional loan.

An asset secured loan usually having a low loan to value ratio given to a client with a poor credit history such as a delinquency or default. Refer to B […]

The number of tasks that are needed to accomplish a significant part or a stage in a process.

Lat, In the civil law . Obtaining gifts of escheat, etc., from the king by concealing the truth. Bell; Calvin.

In French law . The fraud committed to obtain a pardon, title, or grant, by alleging facts contrary to truth.

The substitution of one thing for another, or of one person into the place of another with respect to rights, claims, or securities. Subrogation denotes the putting a third person […]

Provision in liability and property insurance policies where the insurance firm acquires rights upon claim of a loss payment.

The legal principle where the insured party surrenders the rights against the third party after claiming and receiving compensation for the insured loss.

Release that specifies the insurer is entitled to the right that the insured has to collect frogman entity or person responsible for the loss.

Waiver that is signed by the insured to relinquish rights to collect from a 3rd party for a loss.

A person who is subrogated; one who succeeds to the rights of another by subrogation .

The act of writing oue’s name under a written instrument ; the affixing one’s signature to any document, whether for the puriiose of authenticating or attesting it, of adopting its […]

In the law of contracts. To write under; to write the name under; to write the name at the bottom or end of a writing. Wild Cat Branch v. Ball, […]

Purchases of investments made by an incremental plan of payment.

One who writes his name under a written instrument ; one who affixes his signature to any document, whether for the purpose of authenticating or attesting it, of adopting its […]

Contract describing benefits available to a person registered under a plan for health care .

The small printed circuit board needed to sign on as a subscriber to make and receive phone calls that is place inside a GSM phone.

The charge from the telephone company that the subscriber pays for rental regardless of when they use the phone.

He who witnesses or attests the signature of a party to an instrument , and in testimony thereof subscribes his own name to the document. A subscribing witness is one […]

Lat. In the civil law . A writing under, or under-writing; a writing of the name under or at the bottom of an instrument by way of attestation or ratification […]

An offer to buy a security in a certin period of time.

When the manager, issuer, and syndicate agree to sell at a lower price. The agreement outlines the details of this decision. Refer to syndicate agreement .

A policy that is shared by two or more usurers in order that they each assume a part of the risk.

Price where current stock holders are authorized to buy common stock in an issue of rights.