Home Ownership and Equity Protection Act

Definition:

1994 U.S. federal law that gave the Federal Reserve new responsibility to address abusive and predatory mortgage lending practices.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Trade credit

Credit one firm grants to another firm for the purchase of goods or services. That is, when the goods are delivered, the recipient does not have to pay immediately for the goods - a credit is given... Read More

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