Likewise fragility is defined as a concave sensitivity to stressors, leading to a negative sensitivity to increase in volatility. The relation between fragility, convexity, and sensitivity to disorder is mathematical, obtained by theorem, not derived from empirical data mining or some historical narrative. It is a priori.
unearned interest. Amount deducted as advance interest from a loaned sum. This amount is recorded as a liability in the books of the lending institution, and is gradually decreased as it is recognized as earned income over the life of the loan. Also called unearned discount.
For all FHA mortgages, HUD recently revised its Family Member definition for Identity of Interest. An identity of interest transaction is a sale between parties with family or business relationships. Financing above the 85% maximum LTV for identity-of-interest transactions is permitted under certain circumstances.