Tag: loan
Joint And Several Liability
DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...
Job Footprint
What is 'Job Footprint' The scope and range of an employee's duties while under a company's employ. A secretary's job footprint might...
Joint Liability
Joint and Several Liability in Business
In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...
Job Lot
DefinitionOcean State Job Lot, headquartered in North Kingstown, Rhode Island, is an American discount retailer with 131 stores discount stores operating in New England,...
Joint Owned Property
What is joint ownership of property
Joint owned property refers to a situation in which two or more individuals own an asset together. There are...
Idle Funds
What is 'Idle Funds' Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds...
Hard Money Loan
DefinitionA hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money...
Imputed Interest
What is an 'Imputed Interest' Imputed interest is used by the Internal Revenue Service (IRS) as a means of collecting tax revenues...
Bad Debt Expense
What is a 'Bad Debt Expense' Bad debt expense represents the amount of uncollectible accounts receivable that occurs in a given period....
Hard Inquiry
What is 'Hard Inquiry' A type of credit report check that may lower an individual's credit score. A hard inquiry occurs when...