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Mortgage Glossary – Mortgage Terms & Definitions
The insurance protects the lender (not the borrower) if a borrower defaults on the loan. This insurance enables a lender to provide loan options and benefits often not available through conventional financing. Government National Mortgage Association (GNMA or Ginnie Mae) [skip to next word listed in the glossary]
Answer Bank – Financial Management | Sipe
The cost which does not vary but remains constant within a given period of time and range of activity in spite of the fluctuations in production, is known as fixed cost. The cost which does not vary proportionately but simultaneously cannot remain stationary at all times is known as semi-variable cost or semi-fixed cost.