DEFEASANCE CLAUSE is the clause in a mortgage that permits the mortgagor to redeem his or her property upon the payment of the obligations to the mortgagee.
INDIVIDUAL INVESTOR is a person that buys or sells securities for his/her own account. The individual investor is also called a retail investor or retail shareholder.
TIGR is Treasury Investment Growth Receipts; zero-coupon bonds created by stripping Treasuries. See STRIPS.
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