WHOLE LOAN Definition

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

Learn new Accounting Terms

ASSERTION is when management asserts financial statements are correct with regard to existence or occurrence of assets, liabilities or transactions, completeness of information in the financial statements, rights and obligations at a point in time, appropriate valuation or allocation, presentation, and disclosure.

ACCOUNTS RECEIVABLE is a current asset representing money due for services performed or merchandise sold on credit.

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