An alternative investment is a financial asset that does not fall under the usual capital/income/cash categories.
Private or venture capital, hedge funds, real estate, commodities and tangible assets are all examples of alternative investments.
Most alternative investments have fewer regulations from the US Securities and Exchange Commission (SEC) and tend to be somewhat illiquid.
Traditionally targeted at institutional or accredited investors, alternative investments have become available to retail investors through alternative funds.
The 48 Hour Rule refers to the part of the mortgage allocation process related to the purchase and sale of Mortgage Backed Securities (MBS) to be announced (TBA).
A major improvement is a long-term upgrade, adaptation, or improvement to a property that adds value to it, often including structural changes or restoration.
Dark pools are private asset exchanges designed to provide additional liquidity and anonymity when trading large blocks of securities away from prying eyes.
Effective gross income is calculated by adding the potential gross rental income to other income and subtracting the vacancy and loan costs of the rental property.
Esoteric debt refers to debts or other financial instruments that have a complex structure that is correctly understood by only a few people with specialized knowledge.