Examlex
What are indeterminate sentences and why were they used to deal with young offenders subject to the Juvenile Delinquents Act?
Adjustable Rate Mortgages
Home loans with interest rates that can change over time, often linked to a specific index or benchmark.
Foreclosure Rates
The percentage of properties undergoing the legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments.
Prime Borrowers
Individuals who are considered low-risk by lenders due to their excellent credit history and are thus likely to receive better loan terms.
Government-sponsored Enterprises
Special financial services corporations created by the United States Congress to enhance the flow of credit to specific sectors of the economy, such as housing.
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