modification modification  /ˌmɑ də fə ˈkeɪ ʃən/

Definition(s):

  1. (n) the act of making something different (as e.g. the size of a garment)
  2. (n) slightly modified copy; not an exact copy
  3. (n) the grammatical relation that exists when a word qualifies the meaning of the phrase
  4. (n) an event that occurs when something passes from one state or phase to another

Usage(s):

  1. A city councilman in Miami Gardens, Florida has proposed an ordinance that could penalize banks that fail to offer modifications before starting foreclosure proceedings.
  2. Here is the smartest thing I've read yet about how to stabilize the housing market through loan modifications.
  3. In order to avoid propping up the second group, Treasury won't subsidize loan modifications that reduce the interest rate below 2%.

News

  1. Lockheed Clinches More DoD Deals - Analyst Blog

    Lockheed Martin Corp. ( LMT ) has clinched a $104.7 million modification contract from the Department of Defense (DoD) for the procurement and delivery of 83,169 Xilinx field
    on June 12, 2013     Source: Nasdaq

  2. Commentary: On the meaning of ‘natural’

    Like nuclear power, whale hunting and the use of preservatives before it, genetic modification has become a cause célèbre among the self-styled ecoscenti who care oh-so much about how far humanity has strayed from what’s “natural.”
    on June 12, 2013     Source: Dairy Herd

  3. Lockheed Clinches More DoD Deals

    Lockheed Martin Corp. has clinched a $104.7 million modification contract from the Department of Defense for the procurement and delivery of 83,169 Xilinx field programmable gate arrays (FPGAs).
    on June 12, 2013     Source: Zacks via Yahoo! Finance

Quotes

  1. "We stand ready to work with you to put the appropriate processes in place, including a national modification standard, to reduce the incidence of foreclosure and to encourage long-term, sustainable home mortgages," Dimon wrote.
    on Feb 13, 2009 By: Jamie Dimon Source: FOXNews

  2. "When the loan is chopped up into a million pieces and any investor can block a modification from happening, a program like this will only scratch the surface of the mortgage crisis," said Sen. Charles Schumer, DN.Y.
    on Nov 11, 2008 By: Charles Schumer Source: TIME

  3. "We strongly support efforts to improve the collection of data on loan-modification activities," Federal Reserve Governor Randall Kroszner said Monday. "We encourage the institutions we supervise that service subprime mortgage loans to report...
    on Aug 13, 2007 By: Randall Kroszner Source: News 10NBC

Word of the Day
nebulous nebulous
/ˈnɛb jə ləs /