FREDDIE MAC Definition

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FREDDIE MAC see FEDERAL HOME LOAN MORTGAGE ASSOCIATION.

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COST/INCOME RATIO is total expenses divided by the sum of total income.

CAPITAL RECEIPTS is proceeds from the sale of capital assets. They may be used to finance new capital expenditure or repay existing loan debt. Receipts available to finance capital expenditure in future years are normally held in the usable capital receipts reserve.

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