An FHA loan is a home loan that is insured by the FHA. 1  In other words, the offers a guarantee to your bank: if you fail to repay the mortgage, FHA will step up and repay the bank instead.
Freebase(0.00 / 0 votes)Rate this definition: Superior mesenteric artery syndrome. Superior mesenteric artery syndrome is a very rare, life-threatening gastro-vascular disorder characterized by a compression of the third portion of the duodenum by the abdominal aorta and the overlying superior mesenteric artery.
DEFINITION of 'Special Memorandum Account-SMA'. A special account where excess margin generated from a client's margin account is deposited. Also known as special miscellaneous account.f this excess amount is held in the account and the stock position produces a capital loss at a later date, the client would lose his or her gain entirely. An SMA can also hold interest and dividend payments from long positions and proceeds from closing out a securities position.