Down payment — (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing… … Wikipedia
Subprime Mortgages: A Catalyst for Global Chaos — ▪ 2008 One version of chaos theory opines that a butterfly flapping its wings in Beijing could produce a change in atmospheric pressure that in turn could cause a tornado in Texas. This “butterfly effect” graphically demonstrates the theory… … Universalium
Nontraditional Mortgages — A broad term describing mortgages that do not take the traditional form. A traditional mortgage would require a relatively high initial down payment of about 25% and 25 year payment schedule with an interest rate that is compounded on a monthly… … Investment dictionary
Cram down — A cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors.[1] Contents 1 Home mortgage loans 2 Informal use 3 References … Wikipedia
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions … Wikipedia
Late-2000s recession — This article is about economic recession during the early twenty first century. For background financial market events dating from 2007, see Late 2000s financial crisis. Late 2000s recession around the world Africa Americas South America United… … Wikipedia
Fannie Mae — Infobox Company foundation = 1938 location city = Washington, D.C. company name = Federal National Mortgage Association (Fannie Mae) company company type = Government Sponsored Enterprise Public company key people = Herbert M. Allison, CEO… … Wikipedia
Political positions of John McCain — U.S. Senator John McCain (R AZ), a member of the U.S. Congress since 1983, a two time U.S. presidential candidate, and the nominee of the Republican Party in the 2008 U.S. Presidential election, has taken positions on many political issues… … Wikipedia
education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… … Universalium