What Is the Secondary Mortgage Market? The secondary mortgage market is a marketplace where home loans and servicing rights are bought and sold between lenders and investors. A large percentage of newly originated mortgages are sold by the lenders who issue them into this secondary market, where they are packaged into mortgage-backed securities and sold
What Is a Secondary Beneficiary? A secondary beneficiary, also known as a contingent beneficiary, is a person or entity that may inherit assets from a grantor after the rights of the primary beneficiary are considered and satisfied. A secondary beneficiary inherits assets only when meeting certain conditions, such as the death of the primary beneficiary
What Is a Secondary Business? A secondary business is a part of a corporation that is not part of its core functions but supplements it instead. A secondary business can contribute to the overall health of the corporation and can hold assets just as any other business unit. Understanding a Secondary Business Secondary businesses that were
What is Secondary Liability? Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations. Key Takeaways Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations.Secondary liability
What Is a Secondary Market? The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued. The national exchanges, such as the New York Stock Exchange (NYSE)
What Is a Secondary Stock? A secondary stock is a public stock listing that is generally considered to be riskier than blue chips because it has a smaller market capitalization. The stock can relate to any type of company, in any industry. The primary definer of a secondary stock is the company’s market cap, with
What Is Second-Lien Debt? The term second-lien debt refers to a form of borrowing that occurs once a first lien is put into place. Put simply, if a borrower defaults, any second-lien debt gets paid after the first or original first lienholder is paid off in the event of bankruptcy of asset liquidation. In other
What Is SEC Form F-8? SEC Form F-8 is a regulatory filing with the Securities and Exchange Commission (SEC) by publicly-traded Canadian issuers to register securities offered in business combinations, mergers, and exchange offers requiring a shareholder vote. SEC Form F-8 may only be used if a circular for a takeover or a business combination is previously prepared. Securities registered
What Is SEC Form F-N? SEC Form F-N is a filing required of foreign banks, insurers, holding companies, and subsidiaries to make public securities offerings in the U.S. The Securities and Exchange Commission (SEC) form is a notification of the appointment of an agent for service by certain foreign institutions. and is part of the F series
What Is SEC Form N-14? SEC Form N-14 is a filing with the Securities and Exchange Commission (SEC) that may be used by all management investment companies and business development companies, as defined under Section 2(a)(48) of the Investment Company Act of 1940, to register certain types of transactions under the Securities Act of 1933.
