Commercial Mortgage-Backed Securities (CMBS) Definition.

A commercial mortgage-backed security is a type of mortgage-backed security that is backed by a commercial mortgage loan. Commercial mortgage-backed securities are divided into two main categories: whole loans and participation certificates. Whole loans are the most common type of CMBS and are typically securitized by conduit lenders. Participation certificates are a less common type … Read more

Price to Tangible Book Value (PTBV).

Price to Tangible Book Value (PTBV) is a ratio that measures the market value of a company’s equity relative to the book value of its assets. The ratio is calculated by dividing the market value of a company’s equity by the book value of its assets. The PTBV ratio is used to assess whether a … Read more

What is perfect competition?

A definition of perfect competition is the situation of mercado in which companies do not have sufficient capacity to determine the price of the items they sell, so they cannot impose the rules of the game. What will determine the price will be the interaction between customers and companies, or buyers and sellers. In this … Read more