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Term of the Day
option not to deliver
substitute sale
forward sale
Definition
An
additional hedge
used in
mortgage
pipelines
. This
hedge
is typically paired with a
forward
or
substitute sale
stipulation.
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Nearby Terms
option holder
option income fu...
option listing
option margin
option mutual fu...
option not to de...
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option pool
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Popular 'Lending & Credit' Terms
equity
triple net lease
leverage
interest rate
amortization
security
accounts receivable
quick ratio
financial leverage
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Related Terms
substitute sale
forward sale
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