Tag: debt
Warm Card
What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...
Wage Earner Plan (Chapter 13 Bankruptcy)
What is the Wage Earner Plan (Chapter 13 Bankruptcy)?
The Wage Earner Plan, also known as Chapter 13 bankruptcy, is a repayment plan for individuals...
General Obligation Bond (GO)
What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...
Garnishment
DefinitionGarnishment is an American legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff to...
Qualifying Ratios
What is 'Qualifying Ratios' A set of ratios that are used by lenders to approve borrowers for a mortgage. The borrower's front-end...
Wealth Tax
DefinitionA wealth tax is a levy on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans,...
Working Capital
DefinitionWorking capital is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities. Along with working...
Great Recession
Definition
The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and...
General Motors (GM) Indicator
What is 'General Motors (GM) Indicator' An indicator based on the theory that the performance of U.S. automaker General Motors (GM) is...
General And Administrative Leverage
What is 'General And Administrative Leverage' A variable within a cost benefit analysis of an acquisition where the potential reduction in overall...