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What Securitisation Is and How Banks Transform Loans into Tradable Financial Instruments

Securitisation refers to a process in which several loans, such as mortgages and auto loans, are combined into a single security for sale to...
4 min read
Definitions

Affordability

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Affordability of housing

The Halifax housing affordability index shows the changing burden of mortgage repayments as a percentage of disposable income – income less income tax and national insurance contributions (NICs).

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Definition of ad valorem tax

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The Coase Theorem Explained

The conventional response to negative externalities such as industrial pollution is to use taxes, regulation or other government interventio...
3 min read

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