Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,881,729,230 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

48-Hour Rule

    0.03 sec.
48-hour rule
PSA Uniform Practices requirement that all pool information in a to be announced (TBA) transaction be communicated by the seller to the buyer before 3 p.m. EST on the business day 48 hours prior to the agreed-upon trade date.

48-Hour Rule
A rule under the PSA Uniform Practices requiring that all information about the mortgages underlying a forward contract on a mortgage-backed security be communicated from a seller to a buyer by 3 p.m. two days before the delivery takes place. This contract is known as TBA.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
Frankly, I see no reason why that 48-hour rule should not be applied all year long.
Critics argue that the 48-hour rule would make it impossible for most retained firemen and women to continue serving communities on top of their full-time occupations.
Most workers would agree the 48-hour rule should be maintained as an option and not restricted.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.