Examlex
As children develop, their descriptions of others become richer, more abstract, and more psychological.
Credit Swap
A financial derivative contract allowing two parties to exchange streams of interest payments or commodity flows for a set period, based on a predetermined notional principal amount.
Mortgage-Backed Securities
These are bonds secured by home and other real estate loans. They are created by pooling mortgages and then selling interests in that pool to investors.
FNMA
The Federal National Mortgage Association, known as Fannie Mae, a government-sponsored enterprise that provides liquidity to the mortgage market.
FHLMC
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a public government-sponsored enterprise (GSE) that specializes in secondary mortgage markets by purchasing mortgages and securitizing them.
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