Back feeThe fee paid on the extension date if the buyer wishes to continue the option.
Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed Securities
Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments.
The covering of a short position by purchasing a long contract, usually resulting from the short sale of a commodity. See: Short covering, stock buyback. Also used in the context of bonds. The purchase of corporate bonds by the issuing company at a discount in the open market. Also used in the context of corporate finance. When a firm elects to repurchase some of the shares trading in the market.
Portion of a loan held back by the lender until a contingency is met. In the sale of a home insured by V.A. or F.H.A., funds may be held back to make necessary improvements to bring the property to V.A. or F.H.A. standards. The money to make "these" repairs may not be available until closing. One and one halt to double the estimated amount necessary is held back. If repairs are not made in the time allowed. these funds are used to make the repairs. In construction financing, funds are held back until, for example, a certain percentage of a subdivision has been sold, or a certain portion of a building has been constructed.
Back to back financingBack to back financing
An intercompany loan channeled through a bank.
Backward integrationBackward integration
Acquisition by a firm of its suppliers.
Further SuggestionsBackward bending
back end load
Lehman Brothers Mortgage Backed Securities Index
Tax loss carryback, carryforward
Commodity backed bond
Discounted payback period rule
Net operating loss carrybacks
Death backed bonds
Loss Carry Back (Carry Forward)