FINANCIAL GUARANTEE INSURANCE Definition

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FINANCIAL GUARANTEE INSURANCE is insurance created to cover losses from specified financial transactions.

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ECONOMIC DEPRECIATION is the decline in real estate property value caused by external forces, such as neighborhood blight or adverse development.

PERIODIC VALUATION allows for the determination on future dates the value of assets, portfolios, etc. with the idea of setting a new standard cost or value to those assets. Such revaluations, up or down, are then posted as the new standard cost or value. See REVALUATION.

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