What Is a Sin Stock? A sin stock is a publicly traded company involved in or associated with an activity that is considered unethical or immoral. Sin stocks are generally in sectors that deal directly with morally dubious actions. They are perceived as making money from exploiting human weaknesses and frailties. Key Takeaways A sin
What Is a Single Filer? Single filers are taxpayers who file their federal income tax returns with the Internal Revenue Service (IRS) under the status “single.” This filing status is used by unmarried taxpayers who don’t qualify for any other filing status. Key Takeaways Single filer status is for unmarried people who do not qualify
What Is a Single-Digit Midget? Single-digit midget is a slang term for a stock with a price that is below $10 per share after having traded at a much higher level. The term came into prominence in the early 2000s when Internet companies that had taken off in the late 1990s, called dot-coms, lost value rapidly
What Is a Single-Disbursement Lump-Sum Payment Plan? A single-disbursement lump-sum payment plan allows a borrower to receive all reverse mortgage proceeds at once when the loan closes. This means that there are no monthly disbursements or other additional proceeds later. The single-disbursement lump-sum payment plan has a fixed interest rate, unlike other reverse mortgage payment
What Is Single Entity Coverage? Single entity coverage is a type of insurance policy that covers all real property in a condominium, including both the common areas shared by all property owners as well as the individual units. Key Takeaways Single entity coverage is an insurance policy that covers both the common areas shared by
What Is Single Interest Insurance? Single interest insurance—also known as vendors single interest insurance or VSI insurance—covers the interests of one of the two parties that co-own a property. This type of insurance typically covers a portion or all of the outstanding value owed to a lender for mortgaged or leased property. Single interest insurance
What Is the Single Market? The European Single Market is an entity created by a trade agreement among participating nations, including all of the members of the European Union (EU) and four non-EU countries that are members of the European Free Trade Association (EFTA). The Single Market created a unified trading territory that functions without
What Is Single Monthly Mortality? Single monthly mortality (SMM) is a measure of the prepayment rate of a mortgage-backed security (MBS). As the term suggests, the single monthly mortality measures prepayment in a given month and is expressed as a percentage. For investors of mortgage-backed securities, prepayment of mortgages is usually undesirable since future interest
What Is a Single-Premium Deferred Annuity? A single-premium deferred annuity (SPDA) is an annuity established with a single payment featuring investment growth solely during the accumulation phase. That growth occurs on a tax-deferred basis until annuitization, at which time regular payments will begin. Single-premium deferred annuities can be either fixed or variable, and distributions are
What Is a Single-Purpose Reverse Mortgage? A single-purpose reverse mortgage is an agreement through which lenders make payments to borrowers in exchange for a portion of the borrower’s home equity. Borrowers must use these payments for a specific purpose approved by the lender. These may be contrasted with proprietary reverse mortgages and home equity conversion
