What does the following mean: "MORTGAGE-BACKED SECURITIES PROGRAM SUPPLEMENT TO PROSPECTUS DATED JULY 01, 2004"?
What will be an ideal response?
When issuing MBS, the GSEs provide a prospectus for the offering. What is issued first is what is termed a "prospectus." However, the prospectus contains general information about the securities issued by each GSE and the risks associated with investing in MBS securities in general. The prospectus is amended periodically. It does not provide specific information about the loan pool for a security. That information is provided in a supplement to the prospectus, called the prospectus supplement. This information is provided to assist the investor in assessing the value of the security or, more specifically, assessing the prepayments that might be expected from the loan pool. Thus, "MORTGAGE-BACKED SECURITIES PROGRAM SUPPLEMENT TO PROSPECTUS DATED JULY 01, 2004" refers to the information needed to assist the investor in understanding the offering.
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Pascal is a buyer for Kelly Benjamin department store in Kentucky. While Pascal was buying visiting California, he found a solar car on sale for $3,000. Pascal contracts to buy the car for Kelly Benjamin, who wants to buy a solar car. Kelly instructs the seller to ship the car. Under these circumstances:
A. Kelly is not liable since Pascal made the purchase. B. Pascal is considered to have ratified the contract. C. Pascal and Kelly are both liable on the contract. D. Kelly is considered to have ratified the contract.
status quo means ______.
a. things as they are b. a constant state of change c. contextualizing what is going on d. none of these
Explain the cultural factors that influence consumer behavior
What will be an ideal response?
The ACPA is federal statute that permits trademark owners and famous persons to recover domain names that use their names where the domain name has been registered by another person or business in bad faith
Indicate whether the statement is true or false