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


Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio