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Robo-signers

Definition:

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

Stock buyback

A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share.

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