Similar financial terms
Federal Home Loan Bank Act of 1932Law that created the Federal Home Loan Bank Board and a network of regional home loan banks.
Federal Home Loan Bank Board (FHLBB)
The FHLBB is an agency responsible for regulating and controlling savings and loan institutions, superseded by FIRREA in 1989.
HOMERS™
The acronym for a class of securities initially known as Home Owner Marketable Equity Receipt Securities. This innovative financial vehicle allows for the securitization and hedging the equity-side of real estate. Previously, only hedges were doable for the debt-side of the equation.
Short-run operating activities
Events and decisions concerning the short-term finance of a firm, such as how much inventory to order and whether to offer cash terms or credit terms to customers.
Run
A run consists of a series of bid and offer quotes for different securities or maturities. Dealers give to and ask for runs from each other.
On the run
The most recently issued (and, therefore, typically the most liquid) government bond in a particular maturity range.
Long run
A period of time in which all costs are variable; greater than one year.
Book runner
The managing underwriter for a new issue. The book runner maintains the book of securities sold.
