Application
Mortgage yields are primarily a tool for comparing the mortgage bonds market with conventional bonds. The difference between the mortgage backed bond's yield and a conventional bond is called the yield curve spread.
Read more about this topic: Mortgage Yield
Famous quotes containing the word application:
“Most people, no doubt, when they espouse human rights, make their own mental reservations about the proper application of the word human.”
—Suzanne Lafollette (18931983)
“Five oclock tea is a phrase our rude forefathers, even of the last generation, would scarcely have understood, so completely is it a thing of to-day; and yet, so rapid is the March of the Mind, it has already risen into a national institution, and rivals, in its universal application to all ranks and ages, and as a specific for all the ills that flesh is heir to, the glorious Magna Charta.”
—Lewis Carroll [Charles Lutwidge Dodgson] (18321898)
“Preaching is the expression of the moral sentiment in application to the duties of life.”
—Ralph Waldo Emerson (18031882)