Business / Real Estate / Back-End Qualification: When qualifying a prospective buyer for financing, the ratio of the borrowers income to monthly debt obligation is a primary consideration. Based on back-end qualification, the ratio of a prospects income to their total housing expense plus their long-term debt obligation should not exceed 36%.
Qualification Verb Synonyms: limitation, restriction, modification, reservation, caveat, condition, stipulation, proviso, prerequisite, requirement
Business / Real Estate / Front-End Qualification: When qualifying a prospective buyer for financing, the ratio of the borrowers income to monthly debt obligation is a primary consideration. MORE
Business / Human Resources (HR) / Minimum Qualifications: The attributes of a job description which establishes a baseline for meeting the qualifications for a particular position. MORE
Business / Taxes / Prequalification: When you prequalify for a mortgage, the lender calculates the approximate amount you’d be able to borrow, based on your current income and debt. Many lenders offer free mortgage calculators — some MORE
Business / Finance / Qualification Period: A period of time during the first few months or weeks of a new policy when an insurance company will not reimburse a policyholder for a claim in order to allow the insurance company time to find any f MORE
Entertainment / Basketball / Disqualification: A player is disqualified after reaching five personal fouls in high school and college and six fouls in the NBA. Both players and coaches can also be kicked out of a game for many offenses such as arg MORE
Business / Human Resources (HR) / Bona Fide Occupational Qualification (BFOQ): A very narrowly interpreted exception to EEO laws that allows employers to base employment decisions for a particular job on such factors as sex, religion or national origin, if they are able to demon MORE