What is a mortgagor
A mortgagor is an individual who pledges property to a lender as security for a loan. If the borrower defaults on the loan, the lender may foreclose on the property, using it to recoup the unpaid...
What is a grant deed
A grant deed is a legal document that is used to transfer ownership of real property from one person to another. The grant deed must be signed by the grantor, who is the person transferring...
What is a Troy Ounce
A Troy ounce is a unit of measure that is primarily used in the weighment of precious metals. One Troy ounce is equivalent to 31.1 grams, or about 1.097 standard ounces. The Troy ounce got...
What is proration and how does it work
Proration is a mathematical calculation used to determine the pro-rata, or proportionate, share of something. It is commonly used in business to calculate things like rent, ownership, and expenses. For example, if...
The Process of Commercialization
The process of bringing a new product or service to market for financial profit involves making several strategic and tactical decisions. This article discusses the key elements of commercialization. These decisions include the identification of internal...
A maturity date is the date on which the final payment of a loan or other financial instrument is due. For example, the maturity date of a three-year bond is three years from the date of issue. The maturity...
What is a grantee
A grantee is an entity that receives a grant, typically from a government entity. The grant may be for a specific project or purpose, and it is typically given with the expectation that the grantee will...
The world of finance is so varied and dynamic that anyone with an analytical mind and solid problem-solving skills can build a successful career. However, in order to get the best chance at finding a decent job as a...
What is Form 4797
Form 4797 is a tax form used to report the sale or exchange of certain property. This includes property used in a trade or business, as well as certain types of investment property. The form must...
What is cottage industry
A cottage industry is a type of small-scale manufacturing that is typically done in the home. The term cottage industry can also refer to businesses that are run out of a small office or workshop, as...