Financial Engineering Essay Example for Free

Financial Engineering Essay University of Stratchclyde is amongst one of the top ranking universities in the United Kingdom. The university is located right at the heart of Glasgow, Scotland’s biggest and most cosmopolitan city. The University of Stratchclyde was founded in 1796 when John Anderson, Professor of Natural philosophy at Glasgow University left instructions in his will to establish a university which should be a place for useful learning for everyone. His vision was realized when Anderson’s university opened later in the same year he died. The university developed rapidly since its inception and by the 1890s, had become a major technological institution with a wide reputation for research and learning. This rapid expansion meant that there was a need of raising more finances for opening up a new building for the university. For this purpose, a fundraising campaign was started by the governors and as a result a, the Glasgow and West of technical college building, now the Royal College Building was opened in George street(strath. ac. uk. ,n. d. ). The primary focus was on science and engineering, though it also offered some courses in management. The college was known for producing some of the best scientists and engineers of its time. In 1964, the Royal College was granted the Royal Charter and thus became the University of Strathclyde. In 1993, the University of Strathclyde merged with Jordan hill College of Education, which is Scotland’s Premier teacher training college(strath. ac. uk. , n. d). This new faculty offers teacher training alongside courses such as speech and language pathology, social work, sport and outdoor education. At the time the University received its Royal Charter, it had some 4,000 full-time students and only a single block of buildings fronted by the Royal College. Today University of Strathclyde has become the third largest university in Scotland.

mortgage :: essays research papers

Mortgage Terms Adjustable-Rate Mortgage (ARM): A mortgage with interest rates and monthly payments adjusted at regular intervals based on changes in either a national or regional index. Also called "variable-rate mortgage." Amortization: A loan payment schedule characterized by equal periodic payments that are calculated to meet current interest payments and retire the principal at the end of a fixed period (at maturity if the loan is fully amortized). Annual Percentage Rate (APR): The total yearly cost of a mortgage stated as a percentage of the loan amount; includes such items as the base interest rate, private mortgage insurance, and loan origination fee (points). Appraisal: A written analysis of the estimated value of a property prepared by a qualified appraiser. ARM Margin: The spread (or difference) between the index rate and the mortgage interest rate for an adjustable-rate mortgage. Balloon Mortgage: A mortgage in which the debt service (the regular payments of principal and interest) will not result in the complete payment of the loan by the end of the mortgage term. Cap: A provision of an ARM limiting how much the interest rate or mortgage payments may increase or decrease. Cash Reserve: A requirement of some lenders that buyers have sufficient cash remaining after closing to make the first two monthly mortgage payments. Closing: The completion of a real estate transaction that transfers rights of ownership to the buyer. Also called "settlement." Condominium: A type of property ownership within a multiunit complex in which the homeowner owns a unit and a proportionate interest in certain common areas, such as the grounds of the complex. Contingency: A condition that must be met before a contract is legally binding. Conventional Mortgage: A loan that is not insured or guaranteed by the federal government. Credit Report: A report from an independent agency that verifies a loan applicant's information on previous debts and liabilities. Deed: The legal document conveying title to a property. Down Payment: The part of the purchase price which the buyer pays in cash and does not finance with a mortgage. Earnest Money: A deposit made by the potential home buyer to show that he or she is serious about buying the house. Easement: A right of way giving persons other than the owner access to or over a property. Equity: A homeowner's financial interest in a property. Equity is the difference between the fair market value of a property and the amount still owed on the mortgage.

Poem appreciation – A Poem should not mean but be

In the poem ‘A Poem should not mean but be' the poet causes the reader to question themselves over how they read a poem, how they see it. ‘A Poem should not mean but be' the Poet here from the title is saying a poem should not be looked upon by people as just words on paper, seeing them as empty and meaningless, but experience the feeling and emotion that has been expressed in poems. A poem is a verbal composition designed to convey experiences, ideas, or emotions in a vivid and imaginative way, characterized by the use of language chosen for its sound and suggestive power and by the use of literary techniques such as meter, metaphor, and rhyme. This is what the Poet is trying to get across to the reader of this poem ‘Does it work when the word happiness is pronounced?' here right from the start of the poem the Poet asks the question ‘Does it work when the word happiness is pronounced?' he is putting this question to the audience forcing them to think does it make it happen?, does it bring it to life?, happiness?. In this quote from the poem the Poet is asking the reader are they really feeling the feeling and emotion which is being expressed in poems when they read them rather than just seeing the words. ‘Never is the happiness because orgasm and orgasm are worlds apart', in this quote from the Poet it shows him expressing his view when he says ‘Never is the happiness' meaning not ever, on no occasion, at no time is it felt in the poem. The Poet uses the word orgasm to represent the strong feeling of emotional excitement which he obviously feels has been put in poems should be conveyed to the reader. The Poet does not feel that these feelings of emotional excitement expressed in Poems are being picked up by the reader, this is shown when he says ‘orgasm and orgasm are worlds apart' this shows just how often the Poet feels the readers of poems are on the same wavelength, way of thinking as the one who wrote the poem. ‘At times I see it – words that are pulled from the depths of unknowing', here the Poet is telling the reader on occasion he sees the words from Poems rely being fully felt for what he believes they should be, the true feeling and emotion ‘from the depths of the unknowing' I quote from the Poet.  Read also Critical appreciation of the poem â€Å"Old Ladies’ Home†. ‘The secret of life in a sudden line of poetry through the washed rooms of the simple senses', here the poet is once again speaking about how he feels the readers are seeing the poems. ‘The secret of life in a sudden line of poetry', here when the Poet says ‘the secret of life' he is telling us just how much feeling he thinks is put into poems. ‘The secret of life' refers to the feelings and emotions inside of the Poet who has written the poem . ‘In a sudden line of poetry', in this quote the Poet uses the word ‘sudden' to relate to the unforeseen feeling and emotion that has been put into any poem it is unforeseen by the reader because it is coming out of the Poet. ‘Through the washed rooms of the simple senses' here the Poet once again tells us how he feels readers are not feeling the fullness of poems. This quote from the Poet tells us he feels that the feeling and emotions in poems are passing through the mind, as ‘washed rooms' he refers to it in the poem. The Poet believes the reader is unaware of how to feel the of the depths of the poem by not seeing past the words on paper, using their ‘simple senses' I quote from the Poet. A Poem should not mean but be is an exceptionally well written composition which really conveys the feelings of the Poet onto the reader through by the literature used in the text. This Poem really shows the reader how much feeling and emotion is put into a poem and acknowledge the hidden depths of a poem. I found it a compelling ballad which causes much cerebration.

To Make it in Journalism, Students Must Have a News Sense

Usually, its a disturbing development when you start hearing voices inside your head. For journalists, the ability to not only hear but also heed such voices is a must. What am I talking about? Reporters must cultivate whats called a news sense or a nose for news, an instinctive feel for what constitutes a big story. For an experienced reporter, the news sense often manifests itself as a voice screaming inside his head whenever a big story breaks. This is important, the voice shouts. You need to move fast. I bring this up because developing a feel for what constitutes a big story is something many of my journalism students struggle with. How do I know this? Because I regularly give my students newswriting exercises in which there is typically an element, buried somewhere near the bottom, that makes an otherwise run-of-the-mill story page-one material. One example: In an exercise about a two-car collision, its mentioned in passing that the son of the local mayor was killed in the crash. For anyone whos spent more than five minutes in the news business, such a development would set alarm bells ringing. Yet many of my students seem immune to this compelling angle. They dutifully write up the piece with the death of the mayors son buried at the bottom of their story, exactly where it was in the original exercise. When I point out later that theyve whiffed - big-time - on the story, they often seem mystified. I have a theory about why so many j-school students today lack a news sense. I believe its because so few of them follow the news to begin with. Again, this is something Ive learned from experience. At the start of every semester I ask my students how many of them read a newspaper or news website everyday. Typically, only a third of the hands might go up, if that. (My next question is this: Why are you in a journalism class if you arent interested in the news?) Given that so few students read the news, I suppose its not surprising that so few have a nose for news. But such a sense is absolutely critical for anyone hoping to build a career in this business. Now, you can drill the factors that make something newsworthy into students - impact, loss of life, consequences and so on. Every semester I have my students read the relevant chapter in Melvin Menchers textbook, then quiz them on it. But at some point the development of a news sense must go beyond rote learning and be absorbed into a reporters body and soul. It must be instinctive, part of a journalists very being. But that wont happen if a student isnt excited about the news, because a news sense is really all about the adrenaline rush that anyone whos ever covered a big story knows so well. Its the feeling one MUST have if he or she is to be even a good reporter, much less a great one. In his memoir Growing Up, former New York Times writer Russell Baker recalls the time he and Scotty Reston, another legendary Times reporter, were leaving the newsroom to head out for lunch. Upon exiting the building they heard the wail of sirens up the street. Reston by then was already getting on in years, yet upon hearing the noise he was, Baker recalls, like a cub reporter in his teens, racing to the scene to see what was happening. Baker, on the other hand, realized that the sound didnt stir anything in him. At that moment he understood that his days as a breaking-news reporter were done. You wont make it as reporter if you dont develop a nose for news, if you dont hear that voice yelling inside your head. And that wont happen if youre not excited about the work itself.