Examlex
The process whereby particular activities, entities and individuals come to be defined as criminal is best characterized as:
Tranches
Portions or slices of debt or securities that are structured to divide risk or return in a way that is marketable to different investors.
Credit Risk
Credit risk refers to the possibility that a borrower will default on a loan by failing to make the necessary payments.
Seniority
The order of repayment in the event of a sale or bankruptcy, with higher seniority debts being repaid before those of lower seniority.
Mortgage Pass-through Agency
A financial entity that aggregates mortgage loans and creates pass-through securities representing interests in those loans.
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