Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
normally included in
agreements, and other debt instruments (such as bonds and notes). It gives the
the entire loan
interest) to be paid at once, in case the
fails to make payments (defaults) or gets into serious
details (often in fine print) which actions or
. Some banks include unspecific terms such as "if the
otherwise deems itself insecure" to widen the
. Also called call clause. See also
act of bankruptcy
letter of credi...
pro forma invoi...
You Also Might Like...
Why Good Credit Matters For Both Individuals and ...
In today's society having good credit is an important aspect of being able to afford necessities such as housing, transportation and insurance. Various businesses may offer products and services based on your credit worthiness and some employers may ...
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common ...
Types of Small Business Loans
How to Finance a Short Sale
A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: