FHLMC Definition

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FHLMC see FEDERAL HOME LOAN MORTGAGE CORPORATION.

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PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

LETTER OF AWARENESS is a formal letter written to a lender, normally by a parent company, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of comfort letter. Such letters do not constitute a guarantee, but may nevertheless involve a significant moral commitment on the part of the writer.

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