Copyright © Philip M. Parker, INSEAD. Terms of Use.
| Domain | Definition |
Finance | A entity through which an issuer can sell multiple class securities with call protection to investors. A REMIC may be a corporation, trust, association, or partnership, but in order to qualify, it must confine its investments to mortgages, cash, government securities, foreclosure property acquired in connection with imminent default of a mortgage, or other REMICs. Typically, a REMIC invests in a pool of mortgages, and sells interests in those mortgages through securities with one or more senior classes and a subordinated class that assumes the credit risk of defaults and delinquencies. This creates a form of self-insurance that increases the investment ratings for the senior securities. A REMIC does not keep its mortgage assets on its books, but sells them to investors through its securities. (REMIC). (references) |
Source: compiled by the editor from various references; see credits. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)52 45 41 4C 45 53 54 41 54 45 4D 4F 52 54 47 41 47 45 49 4E 56 45 53 54 4D 45 4E 54 43 4F 4E 44 55 49 54 |
| Leonardo da Vinci (1452-1519; backwards) (references)
|
Binary Code (1918-1938, probably earlier) (references)01010010 01000101 01000001 01001100 00100000 01000101 01010011 01010100 01000001 01010100 01000101 00100000 01001101 01001111 01010010 01010100 01000111 01000001 01000111 01000101 00100000 01001001 01001110 01010110 01000101 01010011 01010100 01001101 01000101 01001110 01010100 00100000 01000011 01001111 01001110 01000100 01010101 01001001 01010100 |
HTML Code (1990) (references)R E A L   E S T A T E   M O R T G A G E   I N V E S T M E N T   C O N D U I T |
ISO 10646 (1991-1993) (references)0052 0045 0041 004C 0045 0053 0054 0041 0054 0045 004D 004F 0052 0054 0047 0041 0047 0045 0049 004E 0056 0045 0053 0054 004D 0045 004E 0054 0043 004F 004E 0044 0055 0049 0054 |
Encryption (beginner's substitution cypher): (references)52393546239535435543924749525441354139243485639535447394854237494838554354 |
| 1. Orthography 2. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
