What Is a Short Refinance? Short refinance is a financial term that refers to the refinancing of a mortgage by a lender for a borrower currently in default on their mortgage payments. Lenders short refinance a mortgage in order to help a borrower avoid foreclosure. Typically, the new loan amount is less than the existing
What Is a Shortage? A shortage, in economic terms, is a condition where the quantity demanded is greater than the quantity supplied at the market price. A shortage can be contrasted with a surplus. Key Takeaways A shortage is a condition where the quantity demanded is greater than the quantity supplied at the market price.There
What Is Short and Distort? Short and distort refers to an unethical and illegal practice that involves investors shorting a stock and then spreading rumors in an attempt to drive down its price. Such a practice, most often employed by stock manipulators who trade daily via the internet, involves the spread of unsubstantiated rumors and
What Is a Short Call? A short call is an options position taken as a trading strategy when a trader believes that the price of the asset underlying the option will drop. Therefore, it’s considered a bearish trading strategy. Short calls have limited profit potential and the theoretical risk of unlimited loss. They’re usually used
What Is a Short Coupon? A short coupon is a payment made on a bond within a shorter time interval than is normal for that bond. A short coupon is used if the issuer wishes to make payments on certain dates—for example, June 30 and Dec. 31—rather than simply after a particular interval from when
What Are Selling, General, and Administrative Expenses (SG&A)? The category of selling, general, and administrative expenses (SG&A) in a company’s income statement includes all general and administrative expenses (G&A) as well as the direct and indirect selling expenses of the business. This line item includes nearly all business costs not directly attributable to making a
What Is the Singapore Dollar (SGD)? The term Singapore dollar (SGD) refers to the official currency of the Southeast Asian island state of Singapore. The currency is issued and maintained by the country’s central bank. The dollar is abbreviated as SGD and is represented by the symbol S$ to set it apart from other dollar-based
What Is a Shadow? A shadow, or a wick, is a line found on a candle in a candlestick chart that is used to indicate where the price of a stock has fluctuated relative to the opening and closing prices. Essentially, these shadows illustrate the highest and lowest prices at which a security has traded
What Is the Shadow Banking System? The shadow banking system is a group of financial intermediaries which facilitate the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. These companies are often known as nonbank financial companies (NBFCs). The shadow banking system also refers to unregulated activities
What Is Shadow Inventory? Shadow inventory refers to uninhabited or soon-to-be-uninhabited real estate that has yet to be put on the market. It is most often used to account for those properties that are in the process of foreclosure but that have not yet been sold. It also encompasses homes that owners are waiting to put
