Irrational Call Option

Business / Finance / Irrational Call Option: The implied call imbedded in a MBS. Irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance), and sometimes exercised when it is not in the money. Option exercise like this affects payments on the MBS.

Other Words for Call

Call Noun Synonyms: shout, cry, yell, whoop, holler
Call Verb Synonyms: shout, cry (out), hail, yell, roar, bellow, call out, holler
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Other Words for Option

Option Noun Synonyms: choice, selection, alternative, recourse, opportunity, way out
Option Adjective Synonyms: choice, privilege, election, opportunity, chance
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Noncallable

Business / Finance / Noncallable: A preferred stock or bond that cannot be redeemed whenever desired by the issuer. MORE

Non-Recurring Adoption Costs

Life Style / Adoption / Non-Recurring Adoption Costs: One time adoption expenses, which may be at least partially reimbursed by states up to a maximum amount to families adopting children with special needs. Allowable expenses for this reimbursement bene MORE

Nonqualifying Stock Option

Business / Finance / Nonqualifying Stock Option: An employee stock option that does not satisfy IRS qualifying rules and therefore is liable for taxation upon exercise . MORE

On-Call Pay

Business / Human Resources (HR) / On-Call Pay: Additional compensation awarded to employees who are required to remain on call during off-duty hours. MORE

Open Adoption

Life Style / Adoption / Open Adoption: An adoption process in which birth parents meet and know ยท the adoptive parent(s). Ongoing contact could range from periodic pictures and letters to regular visits. MORE

On-Call Time

Business / Human Resources (HR) / On-Call Time: Used to define periods of time when an employee is off duty but is required to remain on or close to the company premises or to respond to a call or page within a specified period of time, resulting i MORE

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