EXPENDABLE NET ASSETS Definition

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EXPENDABLE NET ASSETS are those assets not required to be retained in perpetuity, i.e. those assets available for use for operations.

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MISAPPROPRIATON is a nonviolent criminal taking of property. Includes embezzlement, theft, and fraud. Often applied to an employee's taking of an employer's property.

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

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