Dark pools are private asset exchanges designed to provide additional liquidity and anonymity when trading large blocks of securities away from prying eyes.
Dark pools provide price and cost advantages to acquiring institutions such as mutual funds and pension funds, who claim that these advantages ultimately go to the retail investors who invest in these funds.
However, the lack of transparency of dark pools makes them vulnerable to conflicts of interest from their owners and predatory trading practices from HFT companies.
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.
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.