DefinitionBankruptcy is a term used to describe an individual’s or organization’s inability to make payment to its creditors or fulfill its outstanding financial obligations. Though the term is mo...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
What is a Bad Credit? Bad credit is a historical bad report on a person's debt payment. The record states the person's inability to pay his or her debt when it was expected and the likelihood tha...
What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...
The American Opportunity Tax Credit (AOTC) The American Opportunity Tax Credit (AOTC) is a tax credit for education expenses for a qualified student (who is a taxpayer) for the first four...
Credit Default Swap (CDS) What is a Credit Default Swap (CDS)? A credit default swap (a type of credit derivative contract) refers to a financial contract that permits an investor to...
What is Bankruptcy? Bankruptcy is a court proceeding where a judge and court trustee examine the assets and liabilities of individuals and businesses who find it difficult to ...
Buying a car with a loan that has a high interest rate could mean driving the car for a long time before being out of debt. With increased interest rates, vehicles become more expensive and coming...
An accredited investor is someone or a business that is allowed to deal or invest in securities that are not registered with financial companies. A person or the business have to meet certa...
Buying a car with bad credit is very tough. Your credit history is a factor that is always considered to determine if a car loan will be approved for you. A low credit score is often considered as a s...