Refer to bank officials robotically signing foreclosure documents. This nickname developed after 2007-2009 subprime mortgage crisis as bank officials had to process large numbers of foreclosure affidavits and signed them off without careful review.

Investing Essentials

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

Term of the Day

Hidden load

A sales charge that is not explicitly disclosed or is buried in the fine print of a mutual fund prospectus or life insurance policy and therefore is not immediately apparent.

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