This time we are looking on the crossword clue for: Classic car.
it’s A 11 letters crossword puzzle definition. See the possibilities below.
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Possible Answers: REO, EDSEL, ESSEX, CORD, MODELT, MODELA, MODELTFORD.
Last seen on: –Wall Street Journal Crossword – Jan 15 2019 – Understand?
Random information on the term “REO”:
Real estate owned or REO is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-value mortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset. (See non-performing asset).
The term REO originates from the term other real estate owned (OREO), which is used on financial statements to classify real estate property owned by a financial institution but which is not directly related to its business. These financial institutions are often the lender. Lenders are primarily in the business of making loans with the intent that nearly all of those loans will be repaid in full with interest. Seizing, managing and reselling real property collateral to recover unpaid loan balances is secondary to lenders’ primary line of business. Property management companies, for whom real estate management is their primary business, use the term OREO.
Random information on the term “CORD”:
String is a long flexible structure made from fibers twisted together into a single strand, or from multiple such strands which are in turn twisted together. String is used to tie, bind, or hang other objects. It is also used as a material to make things, such as textiles, and in arts and crafts. String is a simple tool, and its use by humans is known to have been developed tens of thousands of years ago. In Mesoamerica, for example, string was invented some 20,000 to 30,000 years ago, and was made by twisting plant fibers together. String may also be a component in other tools, and in devices as diverse as weapons, musical instruments, and toys.
String was used in prehistoric times to make fire, as part of a drilling tool called the bow drill, which makes fire by friction. Bow drills were used in Mehrgarh between the 4th and 5th millennium BC. Similar drills were found in other parts of the Indus Valley Civilization and Iran one millennium later. In Roman times, the same principle also was used widely in drilling for purposes of woodworking and dentistry.