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Current dollars is a term describing income in the year in which a person, household, or family receives it. For example, the income someone received in 1989 unadjusted for inflation is in current dollars. Constant or real dollars are terms describing income after adjustment for inflation. The Dictionary of Business and economics defines constant dollar values and real income as shown below.
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Corporate Advance Mortgage Define Corporate Advance. means, collectively, (a) any advance (other than those described in clause (b) below) made by a Borrower as servicer pursuant to the Servicing Contracts to inspect, protect, preserve or repair properties that secure defaulted Mortgage Loans or that have been acquired through foreclosure or deed in lieu of foreclosure or other similar action pending disposition thereof.