var glossaryArr2 = new Array(
"AFFORDABLE HOUSING","AFFORDABLE RENTED HOUSING","ARMS LENGTH MANAGEMENT ORGANISATION \(ALMO\)","ARREARS","ASSET-BACKED SECURITY \(ABS\)","ASSURED SHORTHOLD TENANCY \(AST\)","AUTOMATED VALUATION MODEL \(AVM\)","AVM","AVM VALUATION","AVM-ASSISTED VALUATION","BASE RATE","BASEL ACCORDS","CHOICE BASED LETTINGS \(CBL\)","COEFFICIENT OF DISPERSION \(COD\)","COEFFICIENT OF VARIATION \(COV\)","COMMUNITY INFRASTRUCTURE LEVY \(CIL\)","COMPARABLE","COMPARABLE EVIDENCE","COMPREHENSIVE SPENDING REVIEW \(CSR\)","COMPULSORY PURCHASE ORDER \(CPO\)","CONFIDENCE INTERVAL","CONFIDENCE LEVEL","CONFIDENCE MEASURE","CONFIDENCE SCORE","CREDIT RISK","DATA CLEANSING","DATA EDIT","DEPENDENT VARIABLE","DESKTOP VALUATION","DISPERSION","ECONOMIC CAPITAL","EFFECTIVE HIT RATE","EMPTY HOMES","FIRSTBUY","FIXED TERM TENANCY","FORBEARANCE","FORECAST STANDARD DEVIATION","GEOGRAPHIC INFORMATION SYSTEM  \(GIS\)","GOVERNANCE","GREEN BELT","HEDONIC MODEL","HIT RATE","HOMEBUY","HOMEBUY AGENT","HOUSING ASSOCIATION \(HA\)","HOUSING BENEFIT \(HB\)","HOUSING REVENUE ACCOUNT \(HRA\)","IMPAIRMENT WRITE-DOWNS","INDEPENDENT VARIABLE","INDEXATION","INFLATION","INTERCEPT","INTEREST RATE","INTERMEDIATE HOUSING","INTERMEDIATE RENT","ISSUE PRICE","KEY WORKERS","LAND BANK","LARGE SCALE VOLUNTARY TRANSFER \(LSVT\)","LIABILITIES","LOAN TO VALUE \(LTV\)","LOCAL AREA AGREEMENTS \(LAAS\)","LOCAL AUTHORITY \(LA\)","LOCAL ENTERPRISE PARTNERSHIP \(LEP\)","LOCAL HOUSING ALLOWANCE \(LHA\)","LOCAL HOUSING COMPANY \(LHC\)","LOCAL PUBLIC SERVICE AGREEMENTS \(LPSA\)","LOCAL STRATEGIC PARTNERSHIPS \(LSP\)","LOCALISM","LONDON INTER BANK OFFERED RATE \(LIBOR\)","LOSS GIVEN DEFAULT \(LGD\)","LOSS SEVERITIES","LOW COST HOMEOWNERSHIP \(LCHO\)","MARK TO MARKET","MARKET RENT","MASTER TRUST PROGRAMMES","MORTGAGE POOL","MORTGAGE RESCUE","MORTGAGE-BACKED SECURITY \(MBS\)","NATIONAL PLANNING FRAMEWORK","NEGATIVE EQUITY","NEIGHBOURHOOD DEVELOPMENT ORDER","NEIGHBOURHOOD GROUP OR LOCALITY GROUP","NEIGHBOURHOOD OR LOCALITY","NEIGHBOURHOOD PLANS","NEW HOMES BONUS","PLANNING POLICY STATEMENT 3 \(PPS3\)","PORTFOLIO","PORTFOLIO VALUATION","PROBABILITY OF DEFAULT \(PD\)","REAL ESTATE INVESTMENT TRUST \(REIT\)","REGISTERED PROVIDER \(RP\)","REGISTERED SOCIAL LANDLORD \(RSL\)","REGULATORY CAPITAL","REMORTGAGE","REPAYMENT","REPOSSESSION","RESIDENTIAL MORTGAGE-BACKED SECURITY \(RMBS\)","RESIDUAL LAND VALUE","RESILIENCE TEST \(OR STRESS TEST\)","RETAIL PRICE INDEX \(RPI\)","RIGHT TO ACQUIRE \(RTA\)","RIGHT TO BUY \(RTB\)","RISK ANALYSIS","RISK EXPOSURE","RMBS","RMBS","SECTION 106","SECURE TENANCY","SECURITISATION","SHARED EQUITY","SHARED OWNERSHIP \(SO\)","SOCIAL HOMEBUY \(SHB\)","SOCIAL HOUSING","SPECIAL PURPOSE VEHICLE ","STAIRCASING","STANDARD DEVIATION","STOCK TRANSFER","STRATEGIC HOUSING LAND AVAILABILITY ASSESSMENT \(SHLAA\)","STRATEGIC HOUSING MARKET ASSESSMENT \(SHMA\)","SUPPORTABLE VALUATION RANGE \(SVR\)","SUSTAINABLE DEVELOPMENT","SUSTAINABLE HOUSING","SVR","TARGET RENTS","TENURE","TITLE DEEDS","TRANSFORMATION","TRUE VALUE","UNDERWRITER \(MORTGAGE\)","UNIVERSAL CREDIT","VARIABLE","VARIANCE","WEIGHTED AVERAGE COUPON \(WAC\)","WEIGHTED AVERAGE LIFE \(WAC\)","WEIGHTED AVERAGE MATURITY \(WAM\)","WHOLE LOAN ");

var glossaryDefArr = new Array(
"Affordable housing includes social rent, affordable rent and intermediate housing (e.g. shared equity or shared ownership).","A form of social housing, involving homes being made available at a rent level of up to 80% of market rent (inclusive of service charges.","A body set up by a local authority to take over the day-to-day running of their properties.","The amount of money a tenant has not paid to the landlord or mortgage lender on time.","Debt instruments that are secured against assets or cash flows from items such as car loans, credit card debt, mortgage loans, aircraft leases or royalty payments.","A fixed term agreement that grants a degree of security of tenure to the tenant but allows the landlord to charge market rent and to regain possession on certain grounds.","A model which uses one or more mathematical techniques to provide an estimate of value of a specified property at a specified date.","Automated Valuation Model which uses one or more mathematical techniques to provide an estimate of value of a specified property at a specified date.","An estimate of property value as calculated by an AVM.","Any modification or manipulation by a valuer of an AVM output or of the comparables selected by an AVM.","Annual interest rate set by the Bank of England on which UK commercial banks base their lending and deposit rates. ","Also known as Basel I and Basel II, focused mainly on credit risk and set standards on the amount and use of capital that banks require in order to deal with the various risks they face. ","Choice-based lettings are a way that some local councils and housing associations let their properties. ","A measure of performance of an AVM.","A measure of performance of an AVM.","A levy that allows local authorities in England and Wales to raise funds from developers undertaking new building projects in their area. ","A property used by in the valuation process as evidence in support of a valuation of a property. ","A set of Comparables in support of a valuation. ","A Treasury-led process to allocate resources across all government departments, according to the Government\'s priorities.","Legal order that allows some public bodies to take control of land or property without the consent of the owner, in the interest of the public good.","For a given Confidence Level, the range within which one can conclude that a measure of the population lies.","A statistically derived figure that gives a measure of confidence in the accuracy of the AVM estimate.","See Confidence Level.","See Confidence Level.","The possibility that a mortgage holder or other borrower will default and fail to pay the principal and interest on a loan when due.","The process of refining data associated with potential AVM Comparables with the aim of improving its accuracy.","The process of examining recorded data to ensure that each element of data is reasonable and is consistent with others recorded for the same property.","A variable, such as open market value, which is predicted by the values of other variables, such as floor area, number of rooms, number of bathrooms, etc.","An estimate of value of a property completed by a Chartered Surveyor without undertaking a physical inspection of the subject property.","The degree to which data are distributed, either tightly or loosely, around a measure of central tendency.","The amount of risk capital held by a financial services company to enable it to survive any difficulties such as market or credit risks.","The number of successfully returned AVM results, divided by the total number of requests submitted by the user.","A residential property that has been uninhabited for a significant period of time, usually a minimum of 6 months.","Equity loan scheme designed to help first-time buyers into home ownership.","A tenancy that lasts for a fixed period of time. ","A lender\'s postponement of foreclosure in order to give the borrower time and opportunity to make up for overdue payments. ","The predicted (forecast) Confidence Interval at a Confidence Level of 68% (i.e. one Standard Deviation).","A database management system used to store, retrieve, manipulate, analyse and display spatial information.","The task of defining the goals and standards of an organisation and ensuring that there are effective management and other structures that will enable the organisation to achieve those goals and standards. ","Area of land around towns and cities where development is not permitted.","Hedonic pricing attempts to take observations of the overall goods or services and obtain implicit prices for the goods and services.","The number of AVM results where there is a valuation estimate and a Confidence Level divided by the total number of requests submitted. ","A range of government-backed products and services from the HCA designed to help first-time buyers buy houses.","Acts as a first point of contact for applicants seeking to buy a home through the HCA’s HomeBuy affordable home ownership products.","Independent societies, bodies of trustees or companies established for the purpose of providing low-cost social housing for people in housing need on a non-profit-making basis.","A government benefit for tenants on low incomes which pays all or part of the rent and service charge for a property.","Local authorities with housing stock are required to record all income and expenditure in relation to these dwellings in their Housing Revenue Account.","A special, non-recurring charge taken to write down an asset with an overstated book value.","A variable whose value is not determined by other variables.  ","Linking regular income or payments, such as salaries and taxes, to the consumer or retail price index.","Inflation is a persistent rise in the prices of goods and services. ","Graphically, the point at which a line crosses the axis on which the dependent variable is represented.","The charge or the return on an asset or debt expressed as a percentage of the price or size of the asset or debt.","Housing at prices and rents above those of social rent, but below market price or rents.","A sub-market rental scheme where the rent is no more than 80% of local market rents.","The issue price is the price at which securities are first offered for sale.","Are workers in the public sector, such as teachers, nurses and police are often entitled to, or prioritised for some forms of affordable housing.","A portfolio of land help by developers, such as house builders, for building at a later date.","This is when a local authority transfers the ownership and management of all or part of their housing stock to a housing association.","The plural of liability; all financial claims, debts or potential losses against or incurred by an individual or an organisation","The ratio of the fair market value of an asset to the value of the loan that will finance the purchase. ","Agreements between Government, the local authority and its major delivery partners.","The administrative body that governs local services such as education, housing and social services. ","Locally-owned partnerships between local authorities and businesses.","Rates set for different types of accommodation, which dictate the amount of housing benefit a tenant renting from a private landlord can claim. ","A social housing organisation set up to improve local authority housing.","An agreement negotiated between local authorities and the Government with the aim of improving the delivery of local public services. ","A partnership that helps improve local areas and services. ","Proposed government policy that aims to devolve greater powers to councils and neighbourhoods and give local communities more control over housing and planning decisions.","The primary benchmark for short term interest rates globally.","The amount of funds that is lost by a bank or other financial institution when a borrower defaults on a loan.","The percentage of lost principal when a loan is foreclosed.","A range of different schemes designed to enable those to purchase a property who couldn’t otherwise afford to do so.","The act of recording the value of a position or portfolio based on the day\'s closing price.","A rent based on the maximum amount on the open market.","Custody arrangement where a trust company, manages several trust properties for a group of associated trustors or firms.","A group of mortgages held as collateral for a mortgage-backed security. ","Government-backed product that aims to assist eligible homeowners to avoid repossession.","A mortgage-backed security is a security backed by, or secured against, a pool or package of mortgage loans.","A government review of planning policy, designed to consolidate policy statements, circulars and guidance documents into a single concise National Planning Policy Framework.","A situation where a loan becomes worth more than the asset it is secured against. In property, it generally refers to a homeowner’s outstanding mortgage being higher than the value of the property.","Enables communities to define specific developments or types of development which will have automatic planning permission without the need for any application to the local authority.","A group of Neighbourhoods / Localities (not necessarily contiguous) which can be modeled together.","The environment of a subject property that has a direct and immediate effect on value.","A plan in which communities can adopt ideas through a Neighbourhood Development Order. ","A government scheme designed to create an effective fiscal incentive to encourage local authorities to facilitate housing growth.","PPS3 sets out the national planning policies for housing.","A collection of investments held by an individual investor or financial institution. ","In relation to an AVM, the process of undertaking multiple valuations in a batch process.","The degree of likelihood that the borrower of a loan or debt will not be able to make the necessary scheduled repayments.","Allows an investor to obtain broadly similar returns from their investment, had they invested directly in property. ","The old definition of registered social landlord (RSL) has been replaced with the concept of registered providers of social housing. ","A Housing Association or a not-for-profit company formerly registered with the Tenant Services Authority to provide social housing.","The amount of risk capital held by financial services company to enable them to survive any difficulties such as market or credit risks. ","To borrow money by having a second or bigger mortgage (loan) on your property, especially a house.","The act of paying back money previously borrowed from a lender.","The act of reclaiming property or goods from their owners who have defaulted on their payments for these property or goods.","These securities are backed by mortgages on residential properties. ","A method for appraising the value of land.","An analysis of the ability of a bank or insurance company to withstand major market movements. ","The most commonly used measure of inflation. ","A scheme that enables eligible housing association tenants living in qualifying properties to buy their rented home at a discount. ","The Right to Buy scheme allows social tenants in England and Wales to buy their council home at a discount.","When you calculate how much risk there is not being paid if you supply a company in a foreign country with goods or services.","The amount of risk an investor has taken on in a particular investment or a portfolio.","These securities are backed by mortgages on residential properties. RMBS represent by far the largest section of the European asset-backed market.","These securities are backed by mortgages on residential properties. RMBS represent by far the largest section of the European asset-backed market.","A contract entered into by a local planning authority and a property developer under section 106 of the Town and Country Planning Act 1990.","The letting of a dwelling by a non-private landlord, usually a local council or housing association, under an agreement that allows security of tenure.","The process by which asset backed securities (ABS) are created.","A product where the purchaser of a property is offered an equity loan of up to 30% of the property value to assist with their purchase.","A low cost home ownership scheme that allows purchasers to part buy/ part rent a property.","A voluntary scheme which was introduced in April 2006. ","Low cost rental accommodation and low cost home ownership as defined by section 69 of the Housing and Regeneration Act 2008.","SPVs are entities created for a specific, limited and normally temporary purpose. ","The process where owners of shared ownership properties can purchase additional equity in the property.","A statistical term which is the measure of Dispersion.","This refers to the transfer of ownership and management of local authority housing to a housing association or other managing organisation.","Strategic Housing Land Availability Assessments provide information on the opportunities that exist to meet demand for an area.","Strategic Housing Market Assessments provide information on the level of need and demand for housing for an area.","The range of values that can be supported by comparable evidence for a particular property type on any given site.","Development that meets the needs of the present and doesn’t compromise the ability of future generations to meet their own needs.","Has the potential to produce good quality housing at a price that is affordable both in the short and long term.","Supportable Valuation Range - The range of values that can be supported by comparable evidence for a particular property type on any given site.","Guideline rents for social rented housing determined by a formula referencing local house prices and local earnings.  ","With reference to housing, tenure refers to the status of someone who occupies housing. The principal forms of housing tenure are freehold, a tenancy, leasehold and a license. ","Legal documents showing who owns a property. ","The process of changing the values and definitions of one or more variables so as to make them more useful for further analyses. ","This is a subjective term. The expression Reference Value should always be used in the context of AVM performance (see Reference Value).","Mortgage underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable.","Government model for reform of the welfare system.","An item of observation that can assume various values, for example, square feet, sales prices, or sales ratios.","A measure of spread about the mean, the square of the Standard Deviation.","The weighted-average gross interest rates of the pool of mortgages that underlie a mortgage-backed security (MBS) at the time the securities were issued.","The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. ","The weighted average of the time until all maturities on mortgages in a mortgage-backed security (MBS) are repaid.","A term used to distinguish between an original mortgage loan and a pass-through security.");