Examlex
How does a mortgage pass-through differ from a CMO?
Equation
An equation is a mathematical statement that asserts the equality of two expressions, typically including one or more variables.
Decimal Places
The number of digits to the right of the decimal point in a number, indicating the precision or fraction part.
Percent
A part per hundred ratio, a way of expressing a number as a fraction of 100.
Decimal
A number representing a fraction or a whole number using a point to separate the whole part from the fractional part.
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