Tag: loan

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...

What is 'Idle Funds' Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds...

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...

What is an 'Imputed Interest' Imputed interest is used by the Internal Revenue Service (IRS) as a means of collecting tax revenues...

What is a 'Bad Debt Expense' Bad debt expense represents the amount of uncollectible accounts receivable that occurs in a given period....

What is 'Hard Inquiry' A type of credit report check that may lower an individual's credit score. A hard inquiry occurs when...

Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...

DefinitionLand rehabilitation is the process of returning the land in a given area to some degree of its former state, after some process has...

What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments...

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...