Examlex
The delegate interpretation of the role of the legislator says officials should represent the views of constituents even when they personally hold different views.
Liabilities
Financial obligations or debts owed by a company or an individual to others, which must be settled over time by transferring economic benefits.
Collateralized Debt Obligations
A complex structured finance product that pools together cash flow-generating assets and repackages this asset pool into discrete tranches that can be sold to investors.
Credit Risk
The risk of loss arising from a borrower's failure to repay a loan or meet contractual obligations.
Mortgage-Backed Securities
Financial instruments secured by a pool of mortgage loans, whose cash flows are passed through to investors.
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