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Tooltip Categories: Economics & Finance

subprime mortgage

A class of mortgage used by borrowers with low credit ratings. Because the default risk for poor credit borrowers is greater than of other borrowers,

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subrogate

Take over a legal claim or right against a third party from another party who previously owned that right or claim. (source: http://www.investorwords.com/4799/subrogate.html#ixzz2cQvT4r5t)

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subordinate bond

A class of bond that, in the event of liquidation, is prioritized lower than other classes of bonds. For example, a subordinate bond may be

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subordinated debt

A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings; sometimes called a junior security or

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strategy

a general, undetailed plan of action, encompassing a long period of time, to achieve a complicated goal. (source: http://en.wikipedia.org/wiki/Strategy)

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street market

A temporary public market, normally set up outdoors on certain days of the week, often, but not always, in a street. Sometimes they can be

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street vendor

Street vendors are businesspeople who sell their wares in the open air rather than in a shop or store. In many cases, the vendor either

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strike

A work stoppage caused by the mass refusal of employees to work. (source: http://en.wikipedia.org/wiki/Strike_action)

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structured deposit

In banking terminology, the term structured deposit refers to a type of financial account with funds placed into conventional fixed deposits with an investment on

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subcontracting

Subcontracting is the practice of assigning, or outsourcing, part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting

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