Foreign Banking Market: Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

 

Related Words

Foreign Banking Market: Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

Market-If-Touched (MIT): A price order, below market if a buy or above market if a sell, that automatically becomes a market order if the specified price is reached.

Market-Data Approach: Estimating a propertys value based on a comparison of the property with similar properties in the same locale that have sold recently. Also known as the direct sales comparison approach.

Market-Book Ratio: Market price of a share divided by book value per share.

Market-On-Close (MOC) Order: An order to trade stocks, options, or futures as close as possible to the market close.

Marketability: A negotiable security is said to have good marketability if there is an active secondary market in which it can easily be resold.

Marketable Title: Good or clear title, reasonably free from the risk of litigation over possible defects.

Marketable Securities: Securities that can readily be converted into cash, including government securities, bankers' acceptances, and commercial paper.

Market Value-Weighted Index: An index of a group of securities computed by calculating a weighted average of the returns on each security in the index, where the weights are proportional to outstanding market value.

Marketed Claims: Claims that can be bought and sold in financial markets, such as those of stockholders and bondholders.