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Claw-back (in mortgage broking)

Illustration of a woman peering into a large Financial Glossary book.

A claw-back is when a lender takes back part or all of the commission it paid to a mortgage broker because the borrower refinances or pays off their loan too soon – usually within the first 12 to 24 months.…

Rug Pull

Illustration of a woman peering into a large Financial Glossary book.

A rug pull is a type of cryptocurrency scam in which the developers of a project suddenly withdraw all the funds and disappear—leaving investors with worthless tokens. It usually happens in decentralised finance (DeFi) or memecoin projects where anyone can…

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