COMMON EQUITY Definition

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COMMON EQUITY is the result of subtracting redeemable and non-redeemable preferred stock from total equity.

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WHOLE LOAN is a mortgage pass-through or CMO backed by non-agency, single-family home mortgages.

BUILDING SOCIETY, similar to a Savings and Loan in the U.S., is a UK savings institution that specializes in loans for house purchase. Their members own building societies.

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