Tag: house

Electronic Payments Network – EPN definition explanation

What is Electronic Payments Network – EPN?
An electronic automated clearing house (ACH) that serves as the sole ACH for the private sector in the United States. The Electronic Payments Network handles numerous types of credit transfers, such as payroll payments, dividends, etc., as well as debit transfers, such as loan payments and insurance premiums. Read more for examples and further explanation including related video clips and also comments
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Dutch Book Theorem definition explanation

What is Dutch Book Theorem?
A type of probability theory that postulates that profit opportunities will arise when inconsistent probabilities are assumed in a given context and are in violation of the Bayesian approximation. The assumed probabilities can be rooted in behavioral finance, and will be a direct result of human error in calculating the probability that an event will occur. Read more for examples and further explanation including related video clips and also comments
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Kyoto Protocol definition explanation

What is Kyoto Protocol?
An international agreement that aims to reduce carbon dioxide emissions and the presence of greenhouse gases. Countries that ratify the Kyoto Protocol are assigned maximum carbon emission levels and can participate in carbon credit trading. Emitting more than the assigned limit will result in a penalty for the violating country in the form of a lower emission limit in the following period. Read more for examples and further explanation including related video clips and also comments
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Shareholder Services Agent definition explanation

What is Shareholder Services Agent?
A financial institution or similar entity responsible for looking after the needs of the shareholders of publicly-traded corporations or mutual funds. Shareholder services agents typically look after investor record-keeping and communication and other administrative responsibilities, and they attend to shareholders’ problems or concerns. Read more for examples and further explanation including related video clips and also comments
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Clearing Member Trade Agreement – CMTA definition explanation

What is Clearing Member Trade Agreement – CMTA?
An agreement by which an investor may enter derivative trades with a limited number of different brokers and later consolidate these trades with one brokerage house for clearing. Read more for examples and further explanation including related video clips and also comments
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Silent Second Mortgage definition explanation

What is Silent Second Mortgage?
A secondary mortgage placed on an asset that is not disclosed to the lender of the original loan. Silent second mortgages are used when a purchaser can’t afford the down payment required by the initial mortgage. The mortgage is silent because the original lender is unaware of its presence. In many circumstances, a silent second mortgage is a type of fraud. Read more for examples and further explanation including related video clips and also comments
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ABA Transit Number definition explanation

What is ABA Transit Number?
A unique number assigned by the American Bankers Association (ABA) that identifies a specific federal or state chartered bank or savings institution. In order to qualify for an ABA transit number, the financial institution must be eligible to hold an account at a Federal Reserve bank. ABA transit numbers are also known as ABA routing numbers, and are used to identify which bank will facilitate the payment of the check. Read more for examples and further explanation including related video clips and also comments
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