Big Six definition
Examples of Big Six in a sentence
Big Eight") - A wager placed on the Big Six (or Big Eight) area at any time which will win if a total of 6 (or 8) is thrown before a 7 appears and will lose if a 7 is thrown before a total of 6 (or 8) is thrown.
In the event that Stockholders and GRS cannot agree on the selection of Settlement Accountants, the Settlement Accountants shall be selected by lottery from among recognized firms of independent certified public accountants, with preference being given to the "Big Six" accounting firms (except for Deloitte & Touche LLP), until one such firm is willing to compute the Purchase Price Adjustment, if any.
Those individuals have included mortgage company presidents, members of MBA's Audit & Internal Controls Subcommittee, leaders of MBA's Loan Administrative Committee, members of the Affiliation of Mortgage Banking Auditors, auditors with the "Big Six" and other accounting firms, representatives of the secondary market agencies, and the staff of the AICPA.
In equilibrium, households with larger search costs but preferences for the Big Six go direct, while households with lower search costs but preferences for products by the challenger banks go to brokers.
Among lenders, the Big Six have a bargaining power of 0.72 when dealing with large brokers, but that situation is reversed when negotiating with small brokers.
This change is driven by a drastic fall in outside options for the Big Six.
When setting interest rates, the Big Six anticipate this increase in direct sales and increase prices, resulting in lower consumer surplus.
The Big Six are able to increase their prices and overall consumer surplus decreases by 11%.
Competition increases with the Herfindahl-Hirschman Index falling by 27% and the share of the Big Six decreasing by 17%.
This heterogeneity can be partly driven by the Big Six having intermediary-only online platforms that facilitate the application process and take advantage of economies of scale, which can ultimately reduce the cost of originations via brokers, for example, through quicker income verification.