Misrepresentation Definition
What is misrepresentation and what are the consequences
Misrepresentation is a false or misleading claim made about a product or service. It can occur in...
Hypothecation Definition
What is hypothecation and how does it work
Hypothecation is the process of pledging collateral to secure a loan. When you hypothecate something, you're using...
Arm’s Length Transaction Definition
What is an arm's length transaction
An arm's length transaction is a business deal in which the parties involved are not related to each other....
Interest Coverage Ratio
What is the interest coverage ratio
The interest coverage ratio is a financial ratio that is used to determine how well a company is able...
Special Warranty Deed
What is a Special Warranty Deed
A Special Warranty Deed is a type of deed that is typically used in the sale of real estate....
Mortgagor Definition
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...
Grant Deed
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...
Troy Ounce
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...
Proration: The Definition, Calculation and Examples
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...
The Process of Commercialization
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....