You may have heard about home equity loans periodically over the years. However, you may not know what is a home equity loan or how this type of financing may work for you. Equity essentially is the difference between what the current market value on your home is and what you currently owe on home […]
What Is an Unsecured Loan?
Any time you apply for a loan, the lender will review the loan request to determine its overall risk. You may think that risk is entirely determined by your credit rating, but this is not the full picture. Regardless of how great your credit scores are, there is always a risk that you may default […]
What Is Debtor-in-possession Financing?
If you are struggling financially and are exploring all of the options to help you get back on solid footing. You may be wondering if the time has come to file for bankruptcy or if other solutions for debt relief are available. The reality is that bankruptcy is not a rosy process. It can be […]
What is GDP?
GDP, or gross domestic product, is a measure of the size of a country’s economy. It is calculated using the value of final goods and services produced within the borders of a nation, whether or not the producers are of foreign nationalities. To calculate the GDP of a country, economists add the total private consumption, […]
What Is a Bond?
What is a bond? A bond is essentially a loan made for a specific length of time. It has a fixed or variable interest rate, usually from a corporation or a public entity like a city, state, or another branch of government. One normally uses it to fund specific projects or activities. Examples include the […]
What Are Intangible Assets?
Accountants, investors, lawyers, and other professionals often must address what are intangible assets and how to handle them. From a legal perspective, many intangible assets represent legal rights to the fruits of creativity, inventions and expertise and public popularity cultivated by companies. Accountants, investors, and lenders seek to value these legal rights, along with other […]