Wednesday, July 25, 2007

Glossary of Financial Terms.

I was writing about Community Land Trusts
in an email to a colleague recently and the ravages of age, alcohol, and stubby arthritic fingers produced the word LOANDOWNERS instead of LANDOWNERS.

Out of the mouths of babes and sucklings.

I knew immediately that whatever terms were used in the official terminology of our portfolio of loans, PAR would always be LOANDOWNERS; amen!