Examlex
A second-order autoregressive model for average mortgage rate is:
Ratei = -2.0 + 1.8(Rate)i-1 - 0.5 (Rate)i-2
If the average mortgage rate in 2008 was 7.0,and in 2007 was 6.4,the forecast for 2010 is ________.
Field Warehouse
A storage facility that is used to store goods that are under the control of a financing company until the loan secured by those goods is repaid.
Loan Against Inventory
A type of financing where a loan is given to a company based on the value of its inventory which serves as collateral.
Line of Credit
An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.
Commitment Fee
A fee charged by a lender to a borrower for an unused credit line or undisbursed loan, serving as compensation for keeping funds available.
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