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48 hour rule

• The requirement that all pool information, as specified under the PSA Uniform Practices, in a TBA transaction be communicated by the seller to the buyer before 3 p.m. EST on the business day 48-hoursprior to the agreed upon trade date.

 
 Embedded terms in definition
 M
Pool
Psa
Tba
Trade date
Trade
 
 Related Terms
 Basic irr rule
Capital impairment rule
Discounted payback period rule
Insolvency rule
Net present value rule
Net profits rule
Prudent investor rule
Rule 144a
Rule 415
Rule of 5
Rule of 72
Sec rule 15c3 1
Triple witching hour
Uniform net capital rule
Variance rule

<< 457 plan 5/52 >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

People of mediocre ability sometimes achieve outstanding success because they don't know when to quit. Most men succeed because they are determined to. George Herbert Allen

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