(1) Distribution channel through which originating mortgage lenders distribute mortgages to the Secondary Mortgage Market. Those purchasing mortgages distributed through the conduit re-sell them using the private market system. They are often converted into standardized mortgage investments as mor...

North-south lines that encircle the earth and used as references in mapping land....

Unroofed, paved area built adjacent to an apartment building or residence....

Agreement under which an annuitant receives a predetermined monthly income benefit for life upon the death of the insured. Should the annuitant predecease the insured, the contract is terminated and no benefits are ever paid. The life expectancy of both the insured and annuitant must be taken into c...