Predatory Credit: abusive credit techniques that include an interest rate so you’re able to an individual who doesn’t always have the capability to repay. In addition it relates to repeated refinancing out of a loan charging large desire and you will fees anytime.

Predictive Parameters: The fresh parameters which might be an element of the algorithm comprising elements of a cards-rating design. These types of parameters are used to assume an excellent borrower’s coming credit efficiency.

Preferred Inventory: inventory which takes top priority over popular stock pertaining to dividends and you can liquidation liberties. Well-known stockholders typically have zero voting liberties.

Pre-foreclosures Selling: a procedure in which the debtor are allowed to sell an effective possessions for a price lower than what’s due on it to get rid of a foreclosure. So it profit completely joins the latest borrower’s debt. [Read more…]