Frank A private activity bond (PAB) is a type of municipal bond whose proceeds are used to finance projects that are not owned or operated by a government entity. Typically, PABs are issued by state and local governments to finance projects that are privately owned, such as airports, housing developments, and infrastructure projects. The interest on … Read more
The Home Affordable Modification Program (HAMP) was a government-sponsored program designed to help struggling homeowners avoid foreclosure. HAMP offered financial incentives to mortgage servicers and investors to encourage them to modify mortgages in a way that reduced monthly payments for borrowers. Eligible homeowners could receive a modification to their mortgage that would lower their monthly … Read more
The “Pit” is a term used to describe the trading floor of an exchange, where traders buy and sell securities. The floor is typically divided into sections, each of which is devoted to trading a particular type of security. For example, there might be a section for stocks, a section for bonds, and a section … Read more
Clawback: What It Is, What It Means, How It Works, and Examples. Can employer claw back bonus? No, an employer cannot claw back a bonus. A bonus is a form of compensation that is generally given to an employee in recognition of good work or in order to retain the employee. Once the bonus has … Read more
