Mortgage and Mostly positive: Difference between pages

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1.
'Mostly positive' is a sign convention under which:


An agreement under which a person borrows money against a security.
#The items that there are most of, are designated as positive numbers.
#Items to be deducted from, or netted off against, the positive items, are negative numbers.


The security can be over any of the borrower’s assets but is commonly property (land and buildings) though it can be any pledgeable asset including, for example, ships or financial assets.
The lender may take possession of the asset if the borrower fails to repay the money.


The purpose of the 'mostly positive' convention is to reduce the number of negative figures in a report, to aid readability and identifying exceptions.


2.


The loan advanced, and the regular payment of money borrowed, under such an agreement.
'Mostly positive' is a sign convention used typically for a report of costs or liabilities.


Especially a loan secured on residential property.
The costs or liabilities themselves would be positive numbers under this convention.


Under this sign convention, any credits against, or deductions from, the net costs or net liabilities in the report, would be negative numbers.


3. ''Law''.


The legal charge taken by the lender as security for the loans described above.
The consequence of adopting the 'mostly positive' sign convention is that most items in the report, or a related sheet in a model, are positive numbers.




== See also ==
== See also ==
* [[Affordability mortgage]]
*[[B/(W)]]
* [[Buy-to-Let]]
*[[Exception]]
* [[Charge]]
*[[Inflow/(outflow)]]
* [[CMBS]]
*[[Model]]
* [[Encumbrance]]
*[[Sign convention]]
* [[Equity]]
* [[First mortgage debenture]]
* [[Fixed charge]]
* [[Forbearance]]
* [[Foreclosure]]
* [[Interest]]
* [[Liquidity risk]]
* [[LTV]]
* [[Pipeline risk]]
* [[Prime]]
* [[Refinancing]]
* [[Refinancing risk]]
* [[Repossession]]
* [[Security]]
* [[SVR]]
 
[[Category:Compliance_and_audit]]

Revision as of 11:42, 21 May 2017

'Mostly positive' is a sign convention under which:

  1. The items that there are most of, are designated as positive numbers.
  2. Items to be deducted from, or netted off against, the positive items, are negative numbers.


The purpose of the 'mostly positive' convention is to reduce the number of negative figures in a report, to aid readability and identifying exceptions.


'Mostly positive' is a sign convention used typically for a report of costs or liabilities.

The costs or liabilities themselves would be positive numbers under this convention.

Under this sign convention, any credits against, or deductions from, the net costs or net liabilities in the report, would be negative numbers.


The consequence of adopting the 'mostly positive' sign convention is that most items in the report, or a related sheet in a model, are positive numbers.


See also