To ease mortgage lending terms, the FHA insures mortgages against financial losses. By providing this guarantee, lenders can ease their lending terms because the risk of losing money is mitigated by mortgage insurance provided by the FHA. If, for example, a borrower loses his home, the lender files a claim with the FHA and the FHA covers the losses incurred by the lender.
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Consequently, the term âcloud-based translation memory systemâ refers to a TM system, where the translation memory software and linguistic assets (i.e. the translation memory database, glossaries, etc.) are hosted on remote, web-enabled servers that linguists access using either a thin client or just a standard web browser.